Universal Winner Attempts Hormuz Transit With Kuwaiti Crude as First South Korean VLCC Crossing Looms
Updated
Updated · Bloomberg · May 20
Universal Winner Attempts Hormuz Transit With Kuwaiti Crude as First South Korean VLCC Crossing Looms
4 articles · Updated · Bloomberg · May 20
Universal Winner began signaling Wednesday that it was in the Strait of Hormuz, indicating an attempt to exit the waterway with a cargo of Kuwaiti crude.
Ship-tracking data placed the South Korean-flagged supertanker just south of Iran’s Larak Island, along a Tehran-approved route used for Hormuz transits.
A successful passage would mark the first known Strait of Hormuz crossing by a South Korean very large crude carrier, underscoring tentative tanker movement through the chokepoint.
How will this tanker's passage reshape the global conflict over energy, money, and control of the seas?
Will other nations now pay Iran's toll to access the world's most critical oil chokepoint?