Supertankers laden with almost 80 million barrels of oil are sitting in the Persian Gulf and ready to cross the Strait of Hormuz at a moment’s notice, if traders and shipowners give the go-ahead, reported Bloomberg on Friday.
This non-sanctioned crude from Persian Gulf producers excluding Iran is on 40 very large crude carriers in the gulf, data from Vortexa compiled by Bloomberg show. The volume of crude in the gulf is likely to be higher if smaller tankers are added to the tally. Last year, about 15 million barrels a day of oil from the region was delivered to Asia.
