Vitol Group is offering Iraqi Basrah crude to refiners via ship-to-ship
transfers off Fujairah, suggesting some cargoes may have exited the Persian Gulf
amid disruption at the Strait of Hormuz. The move marks a rare spot-market
appearance for Iraqi barrels since war and blockade conditions constrained Gulf
exports. SOMO has offered discounts as exports declined. Tanker data showed
Agios Fanourios I U-turned and Kiara M completed transit and transferred cargo