This visible loop is also a great example of what's called (in fluid mechanics) a vortex sheet roll-up. I've seen this dozens, if not hundreds of times in the subtropics along stalled fronts, where the large scale discontinuity in flow on opposite sides of a stalled, W-E oriented front leads to multiple vortices developng along the decaying boundary. Generally, you have E-ENE in place on one side immediately opposing W-WSW flow on the other when this starts to occur. In this case, it looks like the flow south of what's left of the boundary is quite light, which is still sufficient for a vortex roll-up to take place.
I have a great satellite example of this occurring over Florida and the adjacent GOMEX/ATLC about ~20 years ago.
These features are usually weak/strung out, however, sometimes this happens within monsoon troughs, particularly over the equatorial WPAC, and can lead to the development of multiple TCs when the trough is convectively active.
