Iran Is Patching the Leaks — and Pushing Oil Higher 

March 23, 2026

Iran struck Saudi Arabia's Red Sea port of Yanbu, stalling oil export operations once again. Yanbu is currently the Kingdom's only functioning crude export outlet after the Strait of Hormuz was effectively sealed. Every time Saudi Arabia finds a way out, Tehran patches the leak.

Meanwhile, our hyperspectral satellite imagery and AI-based vessel tracking confirm that approximately 10 more ships transited the Strait of Hormuz over the past two days. The trickle continues — but it remains just that: a trickle.

Brent crude pushed past $112 a barrel on Friday. The message from the market is simple: supply exits are shrinking, and the price is responding accordingly.