Of the large oil tankers affected by the Iran conflict, a quarter have successfully sailed out of the Strait

Odaily Planet Daily News: Among the non-Iranian large oil tankers stranded in the Persian Gulf at the onset of the Iran conflict, approximately one-quarter have gradually escaped and successfully sailed out of the area through slow and covert means.

According to shipping data compiled by Bloomberg, after the conflict broke out on February 28 and the Strait of Hormuz was effectively closed, a total of 109 large vessels (ships with a carrying capacity of 700,000 barrels or more) were trapped; currently, 29 of them have successfully navigated through this strategic chokepoint. Although these outflows represent only a tiny fraction of the crude oil and refined products still stranded in the Gulf, against the backdrop of global market inventory buffers shrinking at a record pace, these goods were quickly snapped up by the market upon release. Furthermore, given that many ships have turned off their position broadcasting equipment to avoid risks, the actual number of successful evacuations is likely higher than the statistics indicate. (Jin Shi)