Secret oil shipments through Strait of Hormuz impact prices
after close1 source ↓written by the desknot a recommendation
- moving more
- 4 million barrels per day
Middle Eastern oil producers are reportedly shipping large volumes of crude through the Strait of Hormuz with transponders turned off, keeping energy prices in check. This covert operation, involving tankers from the UAE, Qatar, and Kuwait, is likely moving more than 4 million barrels per day. Despite recent vessel attacks, this activity continues unabated, influencing market stability.
Not investment advice. For informational purposes only.