The Supertanker Tycoon Making Millions on Hormuz Shuttle …

The article discusses the ongoing war with Iran, highlighting several key aspects: 1. Stranded Sailors: Despite a ceasefire, sailors remain trapped in the Strait of Hormuz. 2. Hormuz Traffic: Increased oil flows through the strait, totalling 10 million barrels, mitigates Iran's leverage. 3. Strait of Malacca: Disruptions in Hormuz have drawn attention to this important shipping route. 4. Fragile Lebanon-Israel Pact: Concerns about the stability of agreements in the region due to Hezbollah's threats. 5. Sanctions System: Potential changes in U.S. sanctions could unravel decades of restrictions against Iran. Additionally, the UAE has been successful in covertly shipping oil through the Strait of Hormuz, improving oil flow rates significantly despite the ongoing conflict.

War With Iran:

Stranded Sailors

Hormuz Traffic

Strait of Malacca

Fragile Lebanon-Israel Pact

Sanctions System Unravels

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The Angola B crude oil tanker in 2025, currently controlled by Sinokor.

The Angola B crude oil tanker in 2025, currently controlled by Sinokor. Photographer: Arsalan Hussain/MarineTraffic

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By Weilun Soon, Alex Longley, and Anthony Di Paola

July 5, 2026 at 7:00 PM UTC

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Just a few weeks into the war, one of the Persian Gulf’s top oil producers quietly began sneaking its crude out of the Strait of Hormuz. Before long, the covert project became so successful that the United Arab Emirates was already approaching its pre-war rate of flows through the waterway by the time the US and Iran signed their interim peace deal.

The UAE’s aggressive push to get barrels safely out of the strait relied on tactics normally associated with sanctioned countries like Iran, Russia and Venezuela: the ships traveled “dark” without their transponders (and often under the cover of literal darkness) before offloading their cargo into other tankers waiting outside the waterway, and then returning back to collect more.

Read Original at Bloomberg.com →

The Supertanker Tycoon Making Millions on Hormuz Shuttle Runs