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Tankers exit Gulf via Strait of Hormuz as US-Iran talks begin
LSEG data showed the vessels carried about 6 million barrels and were headed to Malaysia and China after the ceasefire reopened the route.
- On Saturday, three supertankers exited the Strait of Hormuz, marking the first transit since the US-Iran ceasefire deal took effect.
- Tehran's blockade of the vital Strait, a chokepoint for about 20 per cent of global oil shipments, disrupted energy supplies starting in late February and sent prices soaring.
- The Liberia-flagged Very Large Crude Carrier Serifos and China-flagged VLCCs Cospearl Lake and Rong Hai each carry 2 million barrels of oil, according to LSEG shipping data.
- Unipec, the trading arm of Sinopec, chartered both China-flagged VLCCs to transport crude from Saudi Arabia, the United Arab Emirates, and Iraqi oil toward Malaysia and China.
- Peace talks are currently underway in Pakistan as transit resumes, offering hope for easing global energy disruptions and reversing the oil price surges triggered by the blockade.
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Supertankers Navigate Hormuz: A Shift in Global Energy Dynamics
Supertankers Navigate Hormuz: A Shift in Global Energy Dynamics Three supertankers, fully laden with oil, transited the critical Strait of Hormuz on Saturday, signaling potential stabilization in global energy supply amidst a precarious U.S.-Iran ceasefire. The strategic chokepoint has seen a bottleneck of vessels since tensions escalated in February, impacting 20% of the world's oil flow.The tankers, including Liberia-flagged 'Serifos' and Chin…
·India
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Coverage Details
Total News Sources21
Leaning Left4Leaning Right4Center4Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
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