- Global news includes the Federal Reserve raising interest rates, intense fighting in Southern Lebanon, and negotiations concerning oil movement through the Strait of Hormuz.
- Oil exports are dependent on stability through the Strait of Hormuz, which Iraq utilizes for its logistics.
Elevated risk premiums in the Hormuz Strait are driving market activity as Iraq sells Basrah crude to buyers in Northeast Asia, while Saudi Aramco markets its early-September cargoes.
1 report, 1 independent
Updated Sep 8
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What happened
Elevated risk premiums in the Hormuz Strait are driving market activity as Iraq sells Basrah crude to buyers in Northeast Asia, while Saudi Aramco markets its early-September cargoes.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Oil exports are dependent on stability through the Strait of Hormuz, which Iraq utilizes for its logistics.Also in this story
- Global LNG supply is linked to the stability of the Strait of Hormuz, with oil loading monitored by Kpler and hints of a shift in the oil cartel involving Iraq.
- Iran war disrupts main Gulf oil export routes, forcing Iraq to seek alternative transit through Syrian territory and utilize SOMO for international sales.
The entities involved
Related events
- Oil companies are actively buying oil from Iraq and other sources, with flows impacting Asian markets, including mentions of Malaysia and Myanmar.
- Oil market analysis shows Saudi exports are driving recovery in Hormuz, aided by increased LNG tanker traffic from Qatar.
- Saudi Arabia ships barrels through Hormuz, while peace talks progress between Iran and the US, and UAE exports high volumes.
- Saudi crude loadings have been halted at Hormuz due to ongoing threats from Houthi operations in the Red Sea and naval attacks reported by Reuters.
- A coalition is supporting maritime defense operations against Houthi attacks targeting Saudi crude exports through the Strait of Hormuz.