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Tankers Are Going Dark for Longer to Get Oil Out of Middle East

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Transportation Tankers Are Going Dark for Longer to Get Oil Out of Middle East Supertankers are going dark for longer to get oil through the Strait of Hormuz and the Bab el-Mandeb strait, doubling down on tactics honed in the earlier days of the Iran war. Vessels carrying non-Iranian crude started turning off their transponders to avoid detection in the weeks following the start of the conflict in late February. At that time they would typically go dark for just a few hours while transiting...

Transportation Tankers Are Going Dark for Longer to Get Oil Out of Middle East Supertankers are going dark for longer to get oil through the Strait of Hormuz and the Bab el-Mandeb strait, doubling down on tactics honed in the earlier days of the Iran war. Vessels carrying non-Iranian crude started turning off their transponders to avoid detection in the weeks following the start of the conflict in late February. At that time they would typically go dark for just a few hours while transiting Hormuz.
Middle East (LOCATION) the Strait of Hormuz (LOCATION) the Bab el-Mandeb (LOCATION) the Iran war (EVENT) non-Iranian (ORG) Hormuz (LOCATION)
Originally published by Bloomberg Markets Read original →