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Oil Tankers 'Starting to Dribble Through' Strait of Hormuz, Says White ...

The Pakistan-flagged ship Karachi transited the Strait of Hormuz with its tracking signal active on Sunday, marking the first non-Iranian vessel to pass through the waterway with its automatic identification system turned on.
Hundreds of cargo ships remain trapped in the Gulf after the United States and Israel declared war and assassinated supreme leader Ali Khamenei, prompting Iran to assert control over the Strait.
As of March 16, 743 cargo ships were estimated trapped in the Gulf, though the number fluctuates; according to Kpler, at least 20 non-Iranian oil ships have successfully exited since the conflict began.
White House economic adviser Kevin Hassett told CNBC on Tuesday that the administration remains optimistic the war will end soon, stating "this is one case where the objectives of both countries are aligned."
Concerns persist that Asia may reduce refined oil exports to the United States to prioritize domestic energy needs; Hassett emphasized the administration "has a plan for that" to manage potential Middle East supply decreases.

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30 Articles

How countries are cutting deals with Iran to move oil through the Strait of Hormuz

The sea channel has become perilous for oil tankers since Iran claimed control of it during the war. But experts tell Bryony Gooch that Tehran may be willing to grant safe passage to countries willing to engage in diplomacy

1 day ago·London, United Kingdom

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CNN

Lean Left

Is the Strait of Hormuz really closed?

Only 90 tankers have transited through the Strait of Hormuz since March 1st, according to Lloyd’s List Intelligence. CNN’s Eleni Giokos speaks with Lloyd’s List Intelligence editor in chief Richard Meade about the “Shadow Fleets” that are getting through the strait despite the channel having been effectively closed since the start of the war.

2 days ago·Atlanta, United States

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