U.S., GULF STATES EXPAND HORMUZ TANKER TRANSITS The U.S. military and Gulf countries have begun conducting daytime tanker transits through…
U.S., GULF STATES EXPAND HORMUZ TANKER TRANSITS
The U.S. military and Gulf countries have begun conducting daytime tanker transits through the Strait of Hormuz, according to a U.S. official cited by Axios.
Previously, escorted transits had reportedly been limited mainly to nighttime operations.
Market angle: expanded daytime crossings could improve shipping flows and ease some of the geopolitical risk premium embedded in oil prices.