New Delhi, March 16 -- With Iran keeping the operations in Strait of Hormuz suspended over the strikes by the United States and Israel since February 28 with no relief in sight, Saudi Arabia has offered another option to its long-term oil customers their April allocation via the Red Sea port of Yanbu.

According to a Bloomberg report, those who chose a supply via the Red Sea port of Yanbu will only get a postion of their April supply. It depends on how much crude can the pipeline - which is 1,200 km long - to the Yanbu port can carry.

Oil shipments to Asia from the Red Sea must travel around the peninsula, making the route longer than from the Gulf region and adding to shipping time and costs, a Hindustan Times report mentions.

Aramco h...