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How a Little-Known Company Dominated the Persian Gulf Oil Trade

NYT Business Sunday 01 November 2026, 10:02 UTC By Peter Eavis, Jenny Gross and Choe Sang-Hun 1 min read
Key Points

South Korea’s Sinokor controls about half the tanker transits through the Strait of Hormuz, benefiting from a big bet just before the war in Iran started.

South Korea’s Sinokor controls about half the tanker transits through the Strait of Hormuz, benefiting from a big bet just before the war in Iran started.
the Persian Gulf Oil Trade South Korea’s (LOCATION) Sinokor (PERSON) the Strait of Hormuz (LOCATION) Iran (LOCATION)
Originally published by NYT Business Read original →

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