Energy

Tankers U-Turn at Hormuz as Iran Tightens Its Grip

Tanker traffic at the Strait of Hormuz has become even more erratic than before, with vessels meandering and U-turning, unsure how to proceed amid escalating security threats and Iran’s insistence of control over the chokepoint. The Amara fuel tanker, which moved into the Persian Gulf empty on Monda

Source: OilPrice.com

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DW NOTE

The blockade is six months old and the negotiations just collapsed. WTI at $84 — 25% off its 2026 peak — tells you the market priced in a reopening that isn't coming. Every tanker that turns around at Hormuz subtracts another cargo from global supply, and the Fed is holding rates flat while 4.3 million barrels a day stay offline.

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Tankers U-Turn at Hormuz as Iran Tightens Its Grip

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