Strait of Hormuz reopens: Middle East oil exports to climb to 4-month high

The Strait of Hormuz is slowly recovering its business after more than 100 days of disruption, with tankers once again flowing through the key passage. As the corridor is all set to get busy, Middle Eastern fuel oil exports are expected to climb to a four-month high in June, driven by supply diversions from Iraq and Saudi Arabia and a gradual increase in shipments through the passage, according to trade sources and shipping data.

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