Saudi Aramco Reopens Strait of Hormuz Oil Exports Amid US-Iran Tensions

Saudi Aramco has resumed oil loading operations from within the Strait of Hormuz after a hiatus due to US-Iran tensions and related tanker attacks. The global oil leader is observing heightened demand and offering Arab Medium and Arab Heavy crude to Asian refiners through ship-to-ship transfers near Fujairah, UAE.

This marks a significant operational shift following several weeks of disrupted sales. Data from Vortexa and Kpler indicates a three-week gap since the last oil movement. Exports from Egypt's Sidi Kerir port are facing challenges due to higher freight costs and longer routes deterring eager Asian buyers.