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.