'Dark' Tankers Used in Strait of Hormuz to Stabilize Oil Prices

Oil companies are chartering 'dark' tankers, switching off transponders, and moving crude under US Navy escort in the Persian Gulf to keep oil prices in check amidst threats from Iranian drones.

22 Aug, 13:54 — 22 Aug, 13:54

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ndtvMostly Factual2d ago

How 'Dark' Tankers In Strait Of Hormuz Are Keeping Oil Prices In Check

With Iranian drones threatening tankers in the Persian Gulf, oil companies from Saudi Arabia, Kuwait, Qatar and the UAE turned to a workaround: chartering tankers, switching off their transponders and moving crude out of the Gulf under US Navy escort.

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'Dark' Tankers Used in Strait of Hormuz to Stabilize Oil Prices

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How 'Dark' Tankers In Strait Of Hormuz Are Keeping Oil Prices In Check

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