Oil tanker traffic through the Strait of Hormuz slowed to a near standstill on Thursday as renewed military exchanges between the United States and Iran shattered a three-week-old ceasefire, raising fresh concerns over energy supplies and regional security.
A Greek-operated oil tanker has sailed through the Strait of Hormuz with a 1 million barrels cargo of Saudi Arabian crude and its destination listed as India, reported Reuters citing the data from ship tracking platforms Kpler and Lloyd's List Intelligence.
Bahri, a global leader in transportation and logistics, has awarded a SAR1.7 billion ($446 million) contract to International Maritime Industries (IMI), an integrated maritime facility in the Mena region, for the construction of three Very Large Crude Carriers (VLCCs), each with a 320,000 deadweight tonnes (DWT) capacity.
The United States has taken control of a Russian-flagged oil tanker with links to Venezuela after tracking the vessel across the Atlantic, according to a statement posted on social media by US European Command.
