Saudi-flagged ships transit Strait of Hormuz
Oil and gas tankers are departing from the Strait of Hormuz heading to Pakistan and China, carrying approximately 6 million barrels of oil. The "Energy Agency" is also expecting a significant oil supply surplus after the strait is opened to shipments, as oil prices rise again. The Trump administration has vowed to respond to the downing of an Apache helicopter over the Strait of Hormuz, and tensions in the region of strategic importance are escalating.
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