Philippines Receives First Iranian Crude Cargo Since Hormuz Blockade

The Philippines has received its first cargo of Iranian crude, Reuters reported on Friday, citing tanker-tracking data from Kpler and Vortexa. A Suezmax vessel capable of carrying up to 1 million barrels of crude that departed from Iran's Kharg Island in late March made a ship-to-ship transfer offshore Singapore onto another tanker, which delivered the oil to the Bataan refinery in the Philippines in the middle of May, according to the data. The delivery was the first Iranian cargo to the Philippines, which is one of the Asian countries worst hit…