Hormuz Tanker Traffic Slowly Recovers Despite Persistent Risks

Tanker traffic through the Strait of Hormuz has picked up pace in recent weeks, but oil flows are anything but smooth. At least six tankers carrying oil or LNG moved to exit the Persian Gulf through Hormuz on a route close to Oman’s coast on Sunday, according to vessel-tracking data compiled by Bloomberg. This comes hours after at least eight oil tankers and LNG carriers made mysterious and unexplained U-turns on Friday and Saturday while near the Omani coast, outbound from the Gulf. Of these tankers that made U-turns, four moved north and…