Shadow Fleets and "Fantastic Illusions": How the Middle East is Bypassing the Strait of Hormuz Blockade
🛢️ **Shadow Fleets Save the Market: Middle East Secretly Transfers 4 Million Barrels of Oil Daily**
Despite the war with Iran and the threat of attacks, Persian Gulf exporters are using a transshipment scheme in the Gulf of Oman. Brent prices are holding at $80-90, contrary to forecasts of a spike to $150.
🇺🇸 **Trump vs Iran:** The US President announced his intention to recognize the Strait of Hormuz as US territory. Tehran called this "fantastic illusions" and threatened a blockade.
🚫 **Dark Tankers:** Ships are sailing with transponders turned off. Adnoc (UAE) confirmed supplies but warned of risks to crews.
#Oil #StraitOfHormuz #Geopolitics #Iran #Trump
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