Oil Exports Through Hormuz Rebound Amid Middle East Turmoil
Oil exports through the Strait of Hormuz are increasing even as a widening conflict in Middle East threatens further disruption to the global energy market, an NDTV Datafy analysis suggests.
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Oil Exports Through Hormuz Rebound Amid Middle East TurmoilShip-to-ship transfer of oil has risen off the coast of Oman. Under this practice, tankers with prior permission from either the US or Iran load at terminals in the Persian Gulf and transfer the cargo to other vessels that don't have such permission off the coast of Oman. The transit through the Strait of Hormuz is often made by state-owned tankers.
