Oil Keeps Flowing Through Hormuz Despite Iran Saying It’s Shut


(Bloomberg) — Millions of barrels of oil continued to flow through the Strait of Hormuz this weekend even after Iran claimed to have closed the waterway again, as Washington and Tehran offer contrasting narratives over the status of the world’s most important shipping chokepoint.

Most Read from Bloomberg

Five laden oil supertankers with a combined transport capacity of 8 million barrels could be seen entering or traveling inside the strait on Saturday and Sunday via a route that hugs Oman’s coast, before going “dark.” One of them subsequently resumed sending automated signals early on Sunday after it had reached the Gulf of Oman.

If all the tankers sail through, their movements would support the US military’s assertion that it can successfully defend the southern route near Oman’s coast, despite Iran claiming broad control over the waterway and insisting its northern corridor is the only permitted route. A handful of vessels were also seen entering the Persian Gulf using the southern route.

Read: Iran Floats ‘Insurance Fees’ and Asserts Control Over Hormuz

US Central Command said on Saturday that 17 million barrels had passed through Hormuz, despite the reports in Iran’s media that the strait was closed. A liaison between navies and shipping said early Saturday that vessels could transit on the Omani side at any time of day while making their locations visible, in a notice issued before Iran said Hormuz was shut.

As Iran and the US jostle to control the narrative around Hormuz, and as the two sides began talks in Switzerland on a peace deal, shippers, traders and producers are left trying to assess whether it’s safe to transit the strait.

Omani Route

The Gulf Sunrise, hauling about 2 million barrels of Saudi crude to Japan is now crossing the Gulf of Oman, its automated tracking signals show, after vanishing from screens near the apex of the strait on Saturday. The Angola B, loaded with Emirati crude, was last seen rounding the tip of the Musandam peninsula, an Omani exclave that justs into Hormuz, on Saturday. The Monaco Loyalty was yet to reach the apex of the strait when it disappeared, also on Saturday.

Two smaller 1-million barrel tankers, the Suezmax-class vessels Nordic Cross and the Nordic Pollux, last signaled early on Sunday from a location that put them on course to travel along the Omani route.



Source link

  • Related Posts

    AI safety advocates say bill a good ‘first step’ on regulation, but more needed

    A pair of artificial intelligence safety advocates say the federal government’s new chatbot legislation is a good first step. But Wyatt Tessari L’Allié — of Artificial Intelligence Governance and Safety…

    Autogol amplía la goleada de España ante Arabia Saudí

    IE 11 no es compatible. Para una experiencia óptima, visite nuestro sitio en otro navegador. SIGUIENTE ¡Atlanta se pinta de rojo! España enciende al público al grito de ¡gol! ante…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Rockstar reveals the Grand Theft Auto 6 box art, which is quite nice I suppose, and pre-order dates for the game

    Rockstar reveals the Grand Theft Auto 6 box art, which is quite nice I suppose, and pre-order dates for the game

    Keir Starmer expected to concede power as U.K. prime minister within days

    Uncertainty Remains Over the Strait of Hormuz

    Uncertainty Remains Over the Strait of Hormuz

    After scoreless tie to open World Cup, Spain scores 3 times in first 24 minutes during rout of Saudi Arabia

    After scoreless tie to open World Cup, Spain scores 3 times in first 24 minutes during rout of Saudi Arabia

    Calgary police investigating suspicious death at Tomkins Park – Calgary

    Calgary police investigating suspicious death at Tomkins Park – Calgary

    AI safety advocates say bill a good ‘first step’ on regulation, but more needed

    AI safety advocates say bill a good ‘first step’ on regulation, but more needed