Global Oil Trade: Agios Fanourios I Anchors in Iraq

The Malta-flagged tanker Agios Fanourios I has reached Iraq's southern oil terminals to load approximately 2 million barrels of Basra crude. After a previous attempt was thwarted during U.S.-Iran tensions, the vessel is now en route to Vietnam's Nghi Son refinery via the Strait of Hormuz.

A Malta-flagged tanker, Agios Fanourios I, is set for a significant load of about 2 million barrels of Basra crude oil in Iraq's southern terminals, according to local ports and energy sources.

The ship managed entry into the Gulf through the Strait of Hormuz on Wednesday, marking its second attempt after an initial one was disrupted amid the U.S.-Iran ceasefire efforts, recent data reveals.

Bound for Vietnam's Nghi Son refinery, the tanker's cargo operation is guided by shipping data and trade sources, signaling a vital move in the global oil trade.

(With inputs from agencies.)