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Iranian Crude Oil Flows Via Hormuz Surge as More Ships Transit

Bloomberg.com · last updated

Iran has ramped up the amount of crude oil it openly sends through the Strait of Hormuz to the highest since the war started, as shipping activity in the region picks up while Tehran and Washington work toward a lasting peace deal.

Around 6 million barrels of Iranian crude are on board three US-sanctioned supertankers — Elva, Virgo and Vigor — that entered the chokepoint early Monday, ship-tracking data show. They are all indicating that they are going to waters off Singapore, where Iranian crude is known to be transferred onto ships that often deliver those barrels to refineries in China.

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