Energy
Tankers Entering Hormuz During Iran War Are Making Their Way Out
Ships anchored in the Strait of Hormuz near Larak Island, Iran on May 16.
Photographer: Majid Saeedi/Getty ImagesAlmost all large non-Iranian tankers that have entered the Persian Gulf during the war appear to have successfully exited with a cargo, underscoring the emergence of a small group of shipowners willing to risk crossing the Strait of Hormuz.
At least 19 oil- and liquefied petroleum gas-carrying ships without Iranian links have both entered and exited Hormuz since March 1, according to vessel-tracking data compiled by Bloomberg. In contrast, about 100 such tankers that entered the Gulf before the conflict remain stuck for fear of attacks, the data show.