4 Million Barrels of Saudi Crude Set to Transit Strait of Hormuz

AI Summary

Two very large crude carriers carrying 4 million barrels of Saudi crude oil are set to transit the Strait of Hormuz after being previously stuck due to Iran shutting down traffic. The tankers are owned by Japanese firms Nippon Yusen KK and Kawasaki Kisen Kaisha.

Two very large crude carriers loaded with Saudi crude are heading for the Strait of Hormuz in the latest sign of recovering traffic via the vital oil chokepoint. The tankers are owned by Japanese companies, Reuters said in a report citing data from Kpler and LSEG. According to the Kpler data, the tankers, operated by Nippon Yusen KK and Kawasaki Kisen Kaisha, had loaded Saudi crude on March 1, after which they got stuck in the Strait of Hormuz after Iran shut down traffic through the waterway. Both VLCCs are fully loaded, meaning 4 million barrels…