{"id":93847,"date":"2026-03-18T00:00:00","date_gmt":"2026-03-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?p=93847"},"modified":"2026-03-18T06:59:45","modified_gmt":"2026-03-18T06:59:45","slug":"today-trucks-offer-a-little-solace-for-gulf-trade","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2026\/03\/18\/today-trucks-offer-a-little-solace-for-gulf-trade\/","title":{"rendered":"TODAY: Trucks offer a little solace for Gulf trade"},"content":{"rendered":"

Good morning, friends, and happy early Eid Al Fitr<\/strong>. We might be heading into the holidays, but trade isn\u2019t pausing \u2014 flows are already shifting, with trucks stepping in where ships can\u2019t. Meanwhile, Iraq is bringing Ceyhan back into play \u2014 a move that could add flexibility as Hormuz risks linger. Shall we? <\/p>\n

**A QUICK PROGRAMMING NOTE- <\/strong>EnterpriseAM Logistics will be taking a break from your inboxes starting tomorrow in celebration of Eid Al Fitr. We\u2019ll be back in your inboxes at the usual hour on Tuesday with everything you may have missed over the long weekend. <\/p>\n

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Watch this space<\/p>\n

<\/a> <\/strong> <\/strong>TRADE \u2014 Iraq, KRG find a fix for Ceyhan flows? <\/strong>Iraq and the Kurdistan Regional Government (KRG) have reached an agreement to resume oil exports<\/a> through Turkey\u2019s Ceyhan port. The move ends a long-stand deadlock over revenue sharing and technical fees that kept the pipeline dry \u2014 even as Baghdad scrambled for alternatives<\/a> through Syria\u2019s Baniyas port and Jordan\u2019s Aqaba port. <\/p>\n

Why this matters:<\/strong> The restart offers a crucial workaround to Hormuz constraints. Restoring flows could enable Iraq to ship up to 250k bbl\/d<\/a> from Kirkuk\u2019s northern fields, with potential to add another 200k bbl\/d from the Kurdistan region \u2014 bringing total volumes near 450k bbl\/d.<\/p>\n

But Hormuz isn\u2019t out of the equation yet.<\/strong> Iraq is in talks<\/a> with Iran to allow some tankers safe passage through the strait following attacks in Iraqi waters. The disruption has slashed output by roughly 70%\u2014from 4.3 mn bbl\/d to just 1.3 mn bbl\/d this month<\/a> \u2014 effectively cutting off the southern export route.<\/p>\n

A backup plan in play: <\/strong>Beyond the pipeline, Iraq is advancing dry-land export routes, aiming to move 100k-200k bpd by truck<\/a> to Baniyas and Aqaba.<\/p>\n

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<\/a> <\/strong>DISRUPTION WATCH \u2014 Dubai International Airport continued to face severe operational bottlenecks following <\/strong>strikes<\/strong>, the Financial Times<\/a> reports. After our airspace was temporarily shuttered Tuesday morning following an attack on a fuel tank earlier on Monday, and more reported attacks later in the night, flights restarted, though the airport continued to grapple with a backlog of cancellations and severe delays. <\/p>\n

Daily port loadings have also been taking a hit: <\/strong>Loadings in Fujairah plummeted by 66% during the week of 9 March, falling significantly from the 1.9 mn bbl \/ d seen a week prior, Lloyd\u2019s List<\/a> reports, citing data by market analytics firm Vortexa. <\/p>\n

\n

Market watch<\/p>\n

Oil prices fell over USD 2 this morning Iraq and Kurdish authorities agreed to resume <\/strong>exports, easing supply concerns, <\/strong>Reuters<\/a> reports. Brent crude futures eased USD 2.26 to USD 101.16 \/ bbl by 03.57 GMT after climbing 3% on Tuesday, while US West Texas Intermediate (WTI) declined USD 2.99 to USD 93.22 \/ bbl.<\/p>\n

<\/a> <\/strong>Meanwhile<\/strong>,<\/strong> Middle East crude benchmarks are printing record highs: <\/strong>Dubai hit USD 153.25 \/ bbl for May loading cargoes, while Oman futures touched USD 147.79 \/ bbl, Reuters<\/a> reports citing Platts. The premium to Dubai swaps surged to USD 56 \/bbl from just USD 0.90 in February, with Oman showing a similar spike. <\/p>\n

The demand side is already reacting: <\/strong>Crude flows to Asia dropped to 11.7 mn bbl \/ d in March from some 19 mn bbl \/ d in February. With Dubai pricing the bulk of Gulf crude into Asia, the spike is forcing buyers to either hunt alternatives or simply process less. Meanwhile, the spread with Murban, sitting at USD 111.76 \/ bbl, is stretching credibility, exposing how disconnected the benchmark has become from actual tradeable barrels.<\/p>\n

The physical market is collapsing underneath the benchmark:<\/strong> Exports fell<\/a> by some 60-70% by this week vs February levels, with flows dropping to as low as 7.5-9.7 mn bbl \/ d from some 25-26 mn bbl \/ d. Producers are shutting in output as storage fills up \u2014 with floating storage swelling to more than 50 mn barrels from some 10 mn pre war \u2014 forcing cuts estimated at 7-10 mn bbl \/ d across the region. <\/p>\n

The real issue sits inside the benchmark itself \u2014 a shrinking pool of trades is setting the <\/strong>global prices. <\/strong>Platts dropped three grades tied to Hormuz flows, leaving Oman and Murban to anchor the pricing window. Traders say the Market on Close window is effectively dominated by a single buyer, with TotalEnergies lifting 24 cargoes, or 12 mn bbl this month \u2014 enough to shape the curve. Platts is now reviewing its methodology. <\/p>\n

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The Baltic Index breaks losing streak: <\/strong>The Baltic Exchange\u2019s dry bulk index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 fell 0.7%<\/a> to 2,024 points on Wednesday. The capesize declined 1.3% to 2,888 points, while the panamax index gained 0.9% to 1,853. The smaller supramax index shed 1% to 1,256 points.<\/p>\n

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PSA<\/p>\n

Oman<\/strong> Air Cargo adds fuel, war-risk surcharges: <\/strong>Oman Air Cargo is introducing<\/a> fuel and war-risk surcharges across its cargo network \u2014 starting today \u2014 as jet fuel volatility and conflict-linked ins. costs push up operating expenses. The fuel surcharge will be reset weekly against the US Gulf Coast Jet A1 benchmark, while the war-risk fee will be charged per kilogram based on the shipment\u2019s chargeable weight.<\/p>\n

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What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":93848,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[980],"tags":[145,17,35,32,129,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today-2","tag-aviation","tag-enterprise-logistics","tag-iraq","tag-trade","tag-uae","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"ece30f3a-ed6d-49bc-bd62-bc9b095fe345","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2026\/3\/972.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: 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