Saudi Aramco Restarts Ras Tanura Crude Loading After Four-Month Halt

🛢️ RAS TANURA — The terminal is back; the queue was Iranian oil, not Saudi. 📌 LOOK CLOSER: Ras Tanura handles ~6% of global crude — four months dark pushed buyers to spot alternatives. Resumption restores Saudi export capacity but Hormuz throughput stays below pre-war levels and inbound lanes were dominated by Iranian oil. Saudi barrels now compete for the same constrained strait window. Who captures the normalization dividend first is still open.