business ⛽ Aramco tankers back in Hormuz Strait
Aramco has resumed crude loadings from its Ras Tanura and Juaymah terminals inside the Strait of Hormuz last week. This movement involved three VLCCs—Malaysia Prosperity, Algeria Prosperity, and Singapore Prosperity—between August 12 and August 16. Provisional data suggests six more VLCCs might load crude from inside Hormuz later this month. The next phase could involve Saudi Arabia utilizing its own Bahri-operated tankers for transits. This signals a shift after Aramco paused sales following recent attacks in the U.S.-Iran conflict.