Commercial sources reported that Saudi Arabia sold approximately 60 million barrels of crude oil, loaded from the Ras Tanura port within the Strait of Hormuz. These shipments, designated for loading in September and October, were transferred from one vessel to
another off the Omani port of Sohar. This robust activity is attributed to the need to compensate for a decline in shipments via the Yanbu port on the Red Sea, which was affected by a Houthi attack on the "East-West"
pipeline, slowing exports and contributing to pressure on global oil prices. The sources indicated that refineries in China and South Korea were among the largest buyers of these spot supplies, while other shipments are destined for India and Japan.
