Abu Dhabi, June 19 (SANA) Abu Dhabi National Oil Company (ADNOC) said on Friday it has instructed customers to resume loading crude oil shipments from its ports in the Arabian Gulf, citing improved maritime conditions following a recent U.S.-Iran agreement.
According to Reuters, ADNOC said in a notice to clients that the agreement between Washington and Tehran, along with expectations of uninterrupted navigation through the Strait of Hormuz, allows loading operations to return to published schedules.
The company added that it remains prepared to provide alternative tankers when necessary, in line with its standard sales terms, which require compensation in cases where shipments are not received.
In parallel, U.S. Energy Secretary Chris Wright said on Friday that oil and fuel flows through the Strait of Hormuz were running at about 7 million barrels per day, roughly half the volumes disrupted at the start of the U.S.-Israel–Iran conflict in late February.
Global equities fell on Friday as investors assessed the prospects of a 60-day diplomatic window between Washington and Tehran leading to a lasting agreement to end the conflict.
Middle East and Asia-Pacific analyst Josh Gilbert said the risk of the deal collapsing remained, adding that markets were likely to stay cautious until a firm agreement is reached and maritime traffic through the strait fully normalizes.
The MSCI global equity index fell 0.2 percent on Friday, trimming weekly gains, while Asian equities dropped 0.6 percent, ending a five-day rally that had pushed them to record highs.
S&P 500 futures fell 0.4 percent after the main U.S. index had risen 1.1 percent in the previous session.
Oil prices declined about 9 percent this week following the temporary U.S.-Iran understanding, easing what had been one of the sharpest supply shocks in the global oil market.
Attention remains focused on negotiations over Iran’s nuclear program and the durability of the ceasefire, after U.S. Vice President JD Vance said on Thursday that the 60-day timeline under the memorandum of understanding had already begun.
IZ/A
