Saudi Aramco has restarted oil loading at its Ras Tanura terminal after a four-month pause, with two massive crude carriers seen taking on cargo. This resumption follows an interim deal between the US and Iran, which has eased tensions and allowed for increased output and exports from Middle Eastern producers. Previously, the terminal's operations were rerouted due to a blockade impacting the Strait of Hormuz.

Saudi Arabia's biggest oil export terminal is finally stirring back to life, and that's a much bigger deal than another headline about the Strait of Hormuz reopening.

Saudi Aramco resumes crude loadings at Ras Tanura after nearly four months offline, easing Gulf supply fears with implications for energy prices and risk