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Saudi Arabia's highest oil exports via Strait of Hormuz since Iran detente
Saudi Arabia recorded the largest surge in oil exports passing through the Strait of Hormuz since Iran's war caused the closure of the strait. This comes after understandings between Washington and Tehran. Vessel tracking data showed that four tankers carrying around 8 million barrels of oil were loaded in Ras Tanura, marking the biggest oil outflow since the peace agreement came into effect two weeks ago. This reflects a rebound in the movement of oil shipments in the region.
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