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The Economic Times
The Economic Times
National

Hormuz oil traffic rebounds as Gulf exporters find workarounds: Report

Oil Hormuz Iran Gulf United States Tehran Strait of Hormuz Vortexa Washington D.C.

Non-Iranian oil flows through the Strait of Hormuz have surged by about 50% so far in June, as Persian Gulf producers find ways to move cargoes through the strategic waterway despite ongoing tensions between Washington and Tehran, Bloomberg reported on Friday.

According to data from Vortexa Ltd. cited by Bloomberg, at least 1.8 million barrels per day (bpd) transited out of the Persian Gulf during the first 10 days of June, up from about 1.2 million bpd in May. The data may be revised higher as additional tanker movements are identified through satellite-image analysis, the report said.

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