Oil, gas tankers cross Hormuz via Oman-side route after U-turns

Oil and gas shipping along a US-protected corridor in the Strait of Hormuz showed signs of recovering Sunday, a day after a batch of vessels performed unexplained U-turns and detours in the vital energy corridor.

Six oil and gas freighters were observed navigating on a route that cleaves close to Oman’s coast. Those are only what’s observable, with many ships known to sail through with their transponders off to avoid digital detection. Western navies continue to say that, while traffic continues, the threat risk is “substantial” and that the center of the strait has been mined. Two other small tankers exited the Persian Gulf by sailing closer to Iran.

The oil market is fixated on what’s moving through Hormuz and how, a task that’s become tougher because of ships trying to avoid the attentions of Iran’s military as they........

© Fortune