Mideast Oil Revival Gathers Pace as Qatar Sells Crude to Asia (opens original article in a new tab)

Qatar is reviving crude sales to Asia, with first observed transactions since the war began, as regional oil activity increases following the US-Iran interim peace deal and the reopening of the Strait of Hormuz.

• Qatar has joined Persian Gulf nations in reviving crude sales following the US-Iran interim peace deal.
• Qatar sold crude to Taiwan's Formosa Petrochemical Corp. and an Indian refiner, marking first observed transactions since the war began.
• Oil futures have dropped as the Strait of Hormuz reopens, enabling resumed sales and shipments.