The Supertanker Tycoon Making Millions on Hormuz Shuttle Runs
AI Summary
A top Persian Gulf oil producer has been secretly transporting crude oil out of the Strait of Hormuz during the recent conflict. Despite ongoing tensions, the UAE is approaching its pre-war pipeline flow rates following an interim peace deal between the US and Iran.
Just a few weeks into the war, one of the Persian Gulfβs 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.