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Saudi Supertankers Resume Hormuz Transit After Interim Deal

Bloomberg Markets •
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Saudi Arabia’s state tanker operator Bahri signaled three supertankers—Shaden, Jaham and Awtad—into the Gulf of Oman on Thursday, the first Saudi‑flagged cargoes to leave the Persian Gulf since the war began. Their departure follows the signing of an interim US‑Iran peace deal, which has prompted the first post‑conflict oil movements through the Strait of Hormuz. The cargoes were light, sweet crude bound for Asian markets.

The strait had held more than 100 tankers, including about 30 supertankers capable of hauling two million barrels each. With the three Bahri vessels now underway, roughly 6 million barrels of Saudi crude are set to traverse Hormuz, a modest flow compared with pre‑war volumes but enough to signal renewed market supply. Traders will gauge whether additional stuck ships follow.

Charter rates remain split as owners demand higher fees while charterers cite lingering mine risks and unclear US guidance for a southern Oman corridor. The US has issued navigation assistance, but no firm pricing deal emerged before the transit. This movement represents the first sizable Saudi oil flow through Hormuz since the conflict, immediately adding supply to global markets.