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A Dozen Ships Switch Oil Outside Hormuz as Barrels Keep Flowing

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A Dozen Ships Switch Oil Outside Hormuz as Barrels Keep Flowing A key oil supply valve from the Middle East that involves shuttle transits through the Strait of Hormuz is continuing to function in the face of a recent spate of attacks. Satellite images showed vessels conducting cargo transfers outside of Hormuz, in an indication that some tankers are continuing to cross the waterway dark. A total of 12 such switches were seen along a stretch of water that spans more than 100 kilometers (62...

A Dozen Ships Switch Oil Outside Hormuz as Barrels Keep Flowing A key oil supply valve from the Middle East that involves shuttle transits through the Strait of Hormuz is continuing to function in the face of a recent spate of attacks. Satellite images showed vessels conducting cargo transfers outside of Hormuz, in an indication that some tankers are continuing to cross the waterway dark. A total of 12 such switches were seen along a stretch of water that spans more than 100 kilometers (62 miles) of the coasts of Oman and the United Arab Emirates on Monday, according to data from the European Union’s Sentinel 2 satellite.
Hormuz (LOCATION) the Middle East (LOCATION) the Strait of Hormuz (LOCATION) Oman (LOCATION) the United Arab Emirates (LOCATION) the European Union’s (ORG)
Originally published by Bloomberg Markets Read original →