Oil Tanker Confusion as Trump Announces Blockade

Tankers in the Persian Gulf have started moving away from the Strait of Hormuz in anticipation of a U.S. naval blockade announced by President Donald Trump on Sunday. Citing data from Kpler and LSEG, Reuters reported today that two Pakistan-flagged vessels had entered the Persian Gulf and were en route to the UAE and Kuwait to load crude and fuels. One Liberia-flagged very large crude carrier was ballasting in the Persian Gulf, the publication also reported, while a Malta-flagged VLCC that had tried to pass the Strait of Hormuz to load crude from…