Hormuz Oil Shuttling Trade Is Picking Up Again After Lull
- (Bloomberg) — The oil-shuttling service that has been crucial to getting cargoes out of the Strait of Hormuz has picked up again after a recent lull, helping millions of barrels escape as Middle East hostilities escalate.
- The shuttling emerged at the height of the war and has been a lifeline for some producers.
- They use vessels to ferry supplies — often with transponders off to avoid detection — out of the Persian Gulf onto other ships outside the waterway, which then travel on to buyers around the world.
Unverified
- (Bloomberg) — The oil-shuttling service that has been crucial to getting cargoes out of the Strait of Hormuz has picked up again after a recent lull, helping millions of barrels escape as Middle East hostilities escalate.
- The shuttling emerged at the height of the war and has been a lifeline for some producers.
- They use vessels to ferry supplies — often with transponders off to avoid detection — out of the Persian Gulf onto other ships outside the waterway, which then travel on to buyers around the world.
Sources: Gcaptain