Saudi Arabia doubles oil shipments through Strait of Hormuz after U.S.-Iran deal
By
Spencer Kimball
1h ago· 2 min readenNews
Summary
Saudi Arabia has significantly increased oil shipments through the Strait of Hormuz following the U.S.-Iran agreement to reopen the sea lane. According to Kpler data, Saudi exports through the strait have more than doubled in the past two weeks compared to the previous three-month period, with about 34 million barrels shipped since June 17. This marks a revival of Saudi crude flows in the Gulf after months of conflict-driven rerouting.
Source
bskySaudi Arabia doubles oil shipments through Strait of Hormuz after U.S.-Iran dealcnbc.comKey quotes
· 1 pulledSaudi crude flows inside the Gulf are reviving after months of conflict-driven rerouting.
Saudi Arabia is restarting its export logistics in the Persian Gulf after a three-month pause, according to Kpler.
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