Hormuz Oil Shuttling Trade Resumes Amid Middle East Tensions
The oil-shuttling service through the Strait of Hormuz has resumed after a recent lull, allowing millions of barrels to be transported despite escalating hostilities in the Middle East. This service, crucial for moving oil out of the Persian Gulf, involves vessels ferrying supplies to other ships outside the waterway, often with transponders off to avoid detection. The trade had slowed earlier this month due to attacks on vessels and the unraveling of a ceasefire. However, recent days have seen a rebound, with shippers moving volumes close to pre-escalation levels. Satellite data indicates an increase in ship-to-ship transfers near the Omani port of Sohar, suggesting a pickup in oil flows. 
