Japan-owned supertankers head to Strait of Hormuz with Saudi Arabian oil, data shows

Shipping data from LSEG and Kpler showed two additional Japanese-owned supertankers carrying Saudi crude heading to the Strait of Hormuz to exit the Gulf on Tuesday, one day after a prior group of stranded vessels departed. While this signals some normalization, routing through Hormuz keeps near-term oil supply-risk premiums elevated.

Analysis

Shipping data from LSEG and Kpler showed two additional Japanese-owned supertankers carrying Saudi crude heading to the Strait of Hormuz to exit the Gulf on Tuesday, one day after a prior group of stranded vessels departed. While this signals some normalization, routing through Hormuz keeps near-term oil supply-risk premiums elevated.