Middle East Crude Flows, Iran Shipping Attacks & Energy Risks

Strait Talk: Scylla and Charybdis

As geopolitical tensions continue to reshape crude flows across the Middle East, traders are closely watching how producers and shippers are adapting to an evolving operating environment. In this week's episode, Argus experts examine how Iraqi crude continues to reach global markets, why Saudi Aramco is offering ship-to-ship (STS) cargoes via Sohar, and the latest shipping developments at Yanbu as market participants seek alternative routes and greater flexibility.

The discussion also examines Iran's intensified attacks on shipping, the shifting balance of power within Tehran, the future of US-Iran negotiations following the collapse of the 60-day MOU, and what these developments could mean for regional stability and energy markets.

In this latest episode of Strait Talk, host Tom Reed is joined by John Ollett, Head of EMEA Freight, and Nader Itayim, Head of Dubai Editorial, to examine the evolving crisis and its implications for crude markets, freight, shipping routes and regional supply dynamics.

🎥 Watch now to understand what these developments reveal about the future of Middle East oil exports and the risks that could shape prices in the months ahead.