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The Economic Times
The Economic Times
Business

Oil finds its way: Supertankers return to Persian Gulf

Supertankers are steadily returning to the Persian Gulf through the Strait of Hormuz after days of disruption triggered by the Iran conflict, signalling renewed confidence among shipowners in the world's most critical oil transit route as hostilities ease, Bloomberg reported on Tuesday, citing Kpler shipping data .

Around 24 commodity vessels—including crude oil tankers, liquefied natural gas carriers and bulk ships—passed through the Strait of Hormuz in both directions on Monday, according to the shipping data. The recovery extended into Tuesday, when a supertanker reappeared inside the Persian Gulf alongside several smaller vessels, pointing to a gradual normalisation of traffic after a sharp slowdown following attacks on commercial shipping.

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