Oman's Mina al Fahal Halts Crude Loading After Explosion Near Berths, Threatening 1.2 Million bpd Demand Outlook

3 articles · Updated · XTB · Jun 5

Crude loading stopped at Oman's Mina al Fahal export terminal after an explosion near the transshipment berths, disrupting flows from a key Gulf shipping point.
Reports said the blast may have been caused by a drone attack, though Omani authorities had not officially confirmed the cause.
The halt sharpened market concern over oil supply security around the Strait of Hormuz, already a focal point in tense US-Iran negotiations.
OPEC nevertheless kept its market view unchanged, with the group still forecasting global oil demand growth of about 1.2 million barrels per day in 2026.

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