Saudi Aramco resumes Hormuz oil loadings
Analysis based on 10 articles · First reported Aug 18, 2026 · Last updated Aug 18, 2026
The resumption of Saudi oil loadings from the Strait of Hormuz eases supply concerns for heavier crude grades, potentially stabilizing prices. However, the ongoing Red Sea blockade and limited Sidi Kerir volumes keep overall Saudi export capacity constrained, supporting oil prices.
Saudi Aramco resumed loading crude oil from terminals inside the Strait of Hormuz last week, after halting sales for weeks following attacks on its tanker fleet during an escalation of the U.S.-Iran conflict. The company offered spot cargoes of Arab Medium and Arab Heavy crude to Asian refiners via ship-to-ship transfers off United Arab Emirates — Fujairah, UAE. Three VLCCs loaded 2 million barrels each from Juaymah and Ras Tanura between August 12-16, with six more expected later in the month. However, Saudi exports remain curtailed due to a Houthi blockade in the Red Sea, forcing Aramco to offer alternative cargoes from Egypt's Sidi Kerir port, though volumes are limited and Asian buyers are deterred by high freight costs and long voyages.
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