The escalation of hostilities between Washington and Tehran and the virtual standstill in observable traffic through the Strait of Hormuz is prompting Asian refiners to look at buying more US oil.
An oil refinery in Mumbai Photographer: Abeer Khan/Bloomberg
Two United Arab Emirates-linked supertankers came under attack while sailing “dark” through the Strait of Hormuz, threatening one of the main methods of getting non-Iranian crude to the global market during the war.
Iran has reverted to its well-used tactic of going dark to move oil tankers through the Strait of Hormuz in recent days, even before the US said it would reimpose a blockade of the country’s ports.
Only three ships were openly signaling their transits through Strait of Hormuz early Tuesday.
Iran has reverted to its well-used tactic of going dark to move oil tankers through the Strait of Hormuz in recent days, even before the US said it would reimpose a blockade of the country’s ports.
Only three ships were openly signaling their transits through Strait of Hormuz early Tuesday.
Anmelden
