Gulf Producers Take First Steps Toward Resuming Hormuz Oil Flows

The biggest oil producers in the Middle East are asking their Asian customers to submit cargo loading nominations for the export ports that require passage through the Strait of Hormuz, in a sign that the Gulf petrostates are taking tentative steps toward preparing for resumed oil flows through the chokepoint. Saudi Arabia, Kuwait, and Iraq are asking for loading nominations for April and May for cargoes that would have to eventually transit the Strait of Hormuz, sources familiar with the plans told Reuters on Friday. Despite the ceasefire announced…