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Gulf producers double down on the oil handoff
Gulf countries are joining the ship-to-ship transfers club as it comes under threat.
TODAY: Gulf airlines face hidden capacity squeeze + the Hormuz bypass trade faces its first real test
What we’re tracking this morning regionally and around the world
Egypt clears Fujairah’s Mediterranean oil zone
The zone will plug Fujairah’s storage and trading operations into Al Hamra petroleum port in Alamein
Maersk’s CEO warns supply chains can’t handle the next shock
Rail, trucking, and barge capacity are falling behind the same networks, Clerc warns
Iraqi trucks reach Turkmenistan for the first time under TIR system
This is the furthest an Iraqi carrier has run since the country switched on TIR last year
Saudi crude through Sidi Kerir more than doubles as Houthi threats hit Yanbu-Asia
Buyers are sending rerouted barrels west, hinting at a deeper disruption
TODAY: XRG’s buying spree reaches Venezuela + Mubadala’s getting bids for Porto Sudeste
What we’re tracking this morning regionally and around the world
Reopening Hormuz is no longer the only question — the terms of passage matter too
We game out possible futures for Hormuz
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