A hulking tanker known as the Plata Carrier steamed out of the Strait of Hormuz last week carrying 2 million barrels of crude. More than four months after it entered the Persian Gulf, the blue-red ...
The world's oil tanker fleet is behaving as if the Strait of Hormuz is reopening — even as the waterway itself remains only partially navigable and politically contested.
Oil tanker operators are reaping record ​profits after nearly doubling the hire cost of vessels going through the Strait of Hormuz and wider Gulf ‌region this week on rising demand as traffic through ...