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Tanker Congestion Shunts Vital Oil Transfers Farther From Hormuz

Source: Bloomberg

Geopolitics & WarTransportation & LogisticsEnergy Markets & Prices

Persian Gulf oil producers are moving critical cargo-transfer operations farther from the war-hit region as tanker congestion builds in waters outside the Strait of Hormuz. The disruption raises logistical and supply-flow risks for seaborne crude exports through one of the world's most important oil transit chokepoints.

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