Oil Tanker U-Turns Into Gulf of Oman After Exiting Hormuz

An oil supertanker that exited the Persian Gulf on Sunday hauling a cargo of Iraqi crude appears to have stopped shy of the US naval blockade line and is now turning back into the Gulf of Oman.

The very large crude carrier Agios Fanourios I appears to be retracing its journey at a relatively slow speed of about 5 knots, after previously having crossed the Strait of Hormuz into the Gulf of Oman over the weekend, ship-tracking data compiled by Bloomberg show. The vessel is still signaling its intent to sail to the Nghi Son refinery in Vietnam. It loaded a cargo of crude from the Basra Oil Terminal last month.