Saudi Aramco Resumes Oil Exports from Strait of Hormuz After Tanker Attacks

Saudi Aramco has resumed oil loadings from inside the Strait of Hormuz after halting sales for weeks following attacks on its tanker fleet during the U.S.-Iran conflict.

The state energy giant offered spot heavy crude cargoes to Asian refiners via ship-to-ship transfers off Fujairah in the United Arab Emirates this month, according to shipping data and trade sources.

Three Very Large Crude Carriers (VLCCs) loaded 2 million barrels of crude each from the Juaymah and Ras Tanura terminals between August 12 and 16, marking a gap of three weeks since the last loading at the ports.