Iraqi Supertanker Halts Vietnam Voyage Near US Hormuz Blockade as Strait Traffic Stays Largely Shuttered
Updated
Updated · Bloomberg · May 12
Iraqi Supertanker Halts Vietnam Voyage Near US Hormuz Blockade as Strait Traffic Stays Largely Shuttered
8 articles · Updated · Bloomberg · May 12
Agios Fanourios I, loaded with Iraqi oil, stopped its trip to Vietnam on Monday and began retracing its route after nearing the US naval blockade line in the Strait of Hormuz.
The tanker had cleared the strait over the weekend, making its reversal a rare failed passage through a waterway where movement has largely stalled.
Iran-linked vessels dominate the limited traffic still crossing Hormuz as Washington and Tehran enforce rival restrictions across the chokepoint.
The U-turn highlights rising risks for third-party shippers trying to move crude through one of the world's most important oil transit routes.
How is Iran's oil revenue soaring despite a crippling US naval blockade?
With rival US and Iranian 'tollbooths,' who now controls the world's most vital oil chokepoint?
Is the global economy prepared for a 95% traffic collapse in the Strait of Hormuz?