PERSPECTA

News from every angle

Back to headlines

Oil Tanker Owners See Record Profits Amidst Hormuz Blockade, Fear End of Conflict

Oil tanker owners have reaped record profits totaling 36 billion in three months due to the blockade of the Strait of Hormuz. However, with the potential de-escalation of the conflict, many companies are now concerned about a significant drop in earnings.

PostShare