Trade industry sources said on Tuesday that Saudi Aramco, the national oil company of Saudi Arabia, has resumed loading tankers with product at its Juaymah and Ras Tanura oil terminals, which lie within the contested waters of the Strait of Hormuz.
The move suggests Aramco believes it will be able to ship its products through the Strait of Hormuz, either in coordination with Iran, or in defiance of Iran’s terrorist threats. The Saudis might even see Hormuz as safer than the alternative route through the Red Sea they have been using, as Iran’s regional proxy, the Houthi insurgents of Yemen, have “ banned ” Saudi Arabia from using another vital…
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