Saudi Arabia resumes crude loadings at Ju’aymah terminal after nearly four-month halt

Saudi Arabia has restarted crude loadings at the Ju’aymah offshore terminal in the Persian Gulf after an interruption of nearly four months, with two very large crude carriers beginning to load and another waiting offshore. Oil flows through the Strait of Hormuz have recovered to about 80% of prewar levels, prompting Barclays to cut its 2026 and 2027 Brent price forecasts. Brent fell 4.2% to $72.28 a barrel as markets focused on supply returning quickly even as shipping risks such as Iran-linked vessel attacks remain in view.