Almost All Non-Iran Tankers That Entered The Arabian Gulf During The War, Have Successfully Exited With A Cargo

Despite a near-halt in daily Hormuz traffic, Bloomberg reports that almost all large non-Iranian tankers that have entered the Arabian Gulf during the war appear to have successfully exited with a cargo, underscoring the emergence of a small group of shipowners willing to risk crossing the Strait of Hormuz. At least 19 oil- and liquefied petroleum gas-carrying ships without Iranian links have both entered and exited Hormuz since March 1, according to vessel-tracking data compiled by Bloomberg. In contrast, about 100 such tankers that entered the Gulf before the conflict remain stuck for fear of attacks, the data show. As noted above, merchant shipping through the vital energy chokepoint has – for the most part – ground to a halt since US-Israeli attacks at the end of February triggered a wave of Iranian retaliation and led Tehran to tighten its grip over the waterway. Yet a handful of vessels have been managing to cross under an array of schemes, including deals arranged at a government level (with payment in bitcoin) in some cases (and keep in mind that the numbers, both for ships stranded in the Gulf and those making the crossing, could be higher in reality, given many vessels in the region are […]

Go to News Site