According to data released by Saudi Arabia's General Statistics Authority on the 24th, Saudi oil exports and total exports both continued to decline in July, reaching their lowest level since May 2025 and June 2021, respectively. The Russian news agency quoted the data as reporting that Saudi oil exports in July were 59.888 billion riyals, down 12.8% from the same period last year, the lowest since May 2025. Saudi Arabia's total merchandise exports in July were 84.379 billion riyals, down 17.2% year on year, the lowest since June 2021. The share of oil exports in Saudi Arabia's total exports fell from 71.7% in June to 71% in July. Saudi imports also fell to 70.15 billion riyals in July, a year-on-year decline of 15.4%. Industry insiders analyzed that the decline in Saudi oil exports was mainly due to the military conflict between the US and Iran. Since the US and Israel launched military attacks on Iran at the end of February, navigation through the Strait of Hormuz has continued to be blocked, seriously affecting Saudi crude oil exports. Under these circumstances, Saudi Arabia has increased “east-west oil delivery”, piped crude oil from its eastern oil fields to Yanbu Port on the west coast, and exported from the Mander Strait, which connects the Red Sea to the Gulf of Aden. However, on July 20, the Houthis in Yemen announced a “maritime blockade” against Saudi Arabia, and Saudi crude oil export routes from the Red Sea were also threatened.

According to data released by Saudi Arabia's General Statistics Authority on the 24th, Saudi oil exports and total exports both continued to decline in July, reaching their lowest level since May 2025 and June 2021, respectively. The Russian news agency quoted the data as reporting that Saudi oil exports in July were 59.888 billion riyals, down 12.8% from the same period last year, the lowest since May 2025. Saudi Arabia's total merchandise exports in July were 84.379 billion riyals, down 17.2% year on year, the lowest since June 2021. The share of oil exports in Saudi Arabia's total exports fell from 71.7% in June to 71% in July. Saudi imports also fell to 70.15 billion riyals in July, a year-on-year decline of 15.4%. Industry insiders analyzed that the decline in Saudi oil exports was mainly due to the military conflict between the US and Iran. Since the US and Israel launched military attacks on Iran at the end of February, navigation through the Strait of Hormuz has continued to be blocked, seriously affecting Saudi crude oil exports. Under these circumstances, Saudi Arabia has increased “east-west oil delivery”, piped crude oil from its eastern oil fields to Yanbu Port on the west coast, and exported from the Mander Strait, which connects the Red Sea to the Gulf of Aden. However, on July 20, the Houthis in Yemen announced a “maritime blockade” against Saudi Arabia, and Saudi crude oil export routes from the Red Sea were also threatened.