Saudi Arabia is not waiting for the Strait of Hormuz to return to normal to deliver its crude to Asia. It is building a workaround, one tanker handoff at a time. Saudi Aramco is offering more September crude to Asian buyers through ship-to-ship transfers outside Hormuz, according to Reuters, after shipping data showed Saudi barrels moving through the strait aboard tankers with their tracking systems switched off. The model is relatively simple: move Saudi crude through the dangerous part of the journey, then transfer it to another tanker off Fujairah…

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