In the case of the large oil tanker affected by the Iran conflict, a quarter of them has successfully sailed out of the strait
BlockBeats News, May 29th - Amid the outbreak of hostilities in Iran, about a quarter of non-Iranian large oil tankers originally stranded in the Persian Gulf at the beginning of the conflict have gradually managed to break free using slow and covert maneuvers, successfully departing from the area. According to shipping data compiled by Bloomberg, a total of 109 large vessels (meaning those with a carrying capacity of 700,000 barrels or more) were trapped after the conflict erupted on February 28 and the Strait of Hormuz was effectively closed. As of now, 29 of these vessels have successfully crossed this strategic chokepoint.
Although the cargo that has now flowed out accounts for only a tiny fraction of the total volume of crude oil and refined products still stranded in the Gulf, against the backdrop of a rapidly shrinking global market inventory buffer, this cargo was quickly snapped up by the market upon release. Furthermore, considering that many vessels have turned off their Automatic Identification System (AIS) to avoid risks, the actual number of vessels that have successfully departed is likely higher than the aforementioned statistics. (Jinse Finance)
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