Tankers exit Strait of Hormuz with 6 million barrels of crude oil
The vessels carried 6 million barrels of Middle East crude and were headed to Asian refining hubs after being stranded for more than two months.
- On Wednesday, three commercial supertankers successfully exited the Strait of Hormuz, carrying about 6 million barrels of Middle East crude after being stranded in the Persian Gulf for over two months.
- Shipping through the Strait of Hormuz, which handles roughly a fifth of global oil flows, virtually halted when the Iran war began at the end of February, leaving regional exports well below pre-war baselines.
- The three Very Large Crude Carriers—Universal Winner, Yuan Gui Yang, and Ocean Lily—switched off digital transponders while coordinating passage with the IRGC navy to reach Asian refining hubs.
- Other nations including China and South Korea arranged similar coordinated passages to resume vital energy shipments, while Recent White House briefings indicated potential progress toward de-escalating hostilities.
- Following recent meetings between External Affairs Minister Subrahmanyam Jaishankar and Iranian counterpart Abbas Araghchi, State-owned Shipping Corp. of India is preparing to resume Persian Gulf transit pending Indian Navy approval.
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Three Supertankers Successfully Transit Strait of Hormuz, Delivering 6 Million Barrels of Oil to Asia
Three supertankers carrying a combined 6 million barrels of Middle Eastern crude oil finally transited the Strait of Hormuz on Wednesday (May 20) after being stranded in the Gulf for more than two months, according to vessel-tracking data from LSEG and Kpler. Another tanker was also reported entering the strategic waterway on the same day.
Oil Prices Drop After Two China-Bound Tankers Cross the Strait of Hormuz
Current conditions: The Northeast heatwave is breaking, with temperatures set to crash by as much as 50 degrees Fahrenheit over the Memorial Day weekend • The Sandy Fire just north of Los Angeles has now prompted mandatory evacuation orders for more than 10,000 homes in Ventura County, California • It’s the United Nations’ International Tea Day, and Myanmar’s Shan State — widely considered the birthplace of Camellia sinensis — is in the midst of…
After more than two months of waiting.
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