Saudi Arabia is offering cargoes loaded off the coast of Oman, suggesting it may be following the UAE in routing more oil via transshipment rather than conventional Strait of Hormuz shipments. Sources say Aramco is supplying ship‑to‑ship cargoes loaded at Gulf of Oman ports such as Sohar. The cargoes are Arab Medium and Heavy grades, pointing to Persian Gulf origin. In March Aramco CEO Amin Nasser said the Yanbu pipeline mainly carries Arab Light and Extra Light, while near‑shore Persian Gulf fi

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The 60‑day deadline for US‑Iran talks under the Islamabad memorandum of understanding signed June 18 expired on Monday with no implementation. The MoU had envisaged regional ceasefires (including Lebanon), a one‑month reopening of the Strait of Hormuz, return of Iranian assets and sanctions talks. Iran analyst Mohammad Mahdi Maleki said the pact unraveled after the US reimposed a maritime blockade and sought alternative shipping routes. He said US actions breached, after 23 days, the clause allowing Iran and Oman to discuss Hormuz shipping management; US guidance that vessels switch off tracking and use a "southern corridor" prompted Iran to shut the strait again. Iran has set six preconditions for resuming talks, including a permanent halt to attacks on Iran and its regional allies, lifting the maritime blockade and sanctions, withdrawal of US forces from Iran’s neighbourhood, compensation for wars imposed on Iran, and unconditional release of frozen Iranian assets. A former secretary of Iran’s Supreme National Security Council said the Strait will not reopen until Washington "corrects its behavior." Maleki added that, given continued US escalation and Tehran’s high demands, limited military escalation now appears more likely than a diplomatic breakthrough. Regional states are pursuing public and back‑channel efforts to restore the Islamabad MoU, but prospects are slim.