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Alex LongleyFortune |
The trade of ferrying oil through the Strait of Hormuz undetected to transfer the barrels onto tankers in the Gulf of Oman is running at full tilt.
The insurance policy required by Iran is currently free, but could involve charges in the future, the country’s Persian Gulf Strait Authority said,
Just seven ships, all with some kind of prior link to Iran, were observed making the voyage out of the Persian Gulf on Wednesday and into Thursday...
Shipowners could ignore the advice because the Gulf is too important a region for them to avoid and rates can always rise to compensate for the risk.
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