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Chinese Containership Is First To Pay Iran For "Safe Passage" Through Strait As Iraqi Tanker Crosses With Signal Off
Chinese Containership Is First To Pay Iran For "Safe Passage" Through Strait As Iraqi Tanker Crosses With Signal Off
The blockaded Strait of Hormuz is getting progressively less "blockaded" by the day.
Over the weekend we reported that "Iran was Ready To Let Japanese Ships Use Hormuz As Chinese, Indian Tankers Already Allowed Passage." We can now add Iraq to the growing list of nations whose vessels are transiting the infamous Strait.
An oil supertanker hauling two-million barrels of Iraq’s crude got through the Strait of Hormuz, the first vessel observed moving...
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Why The Fertilizer Crisis May Spark Record Inflows Into Agri ETFs
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Second- and third-order effects from a three-week - and potentially longer - disruption at the Strait of Hormuz are extending well beyond energy markets.
Even as some vessel transits resume through the narrow waterway, the shipping backlog continues to build across the Gulf region and could take weeks, if not longer, to clear.
At the same time, Qatar's LNG export capacity may take years to fully recover after IRGC drone or missile strikes...
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