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Three oil tankers—two Chinese and one Greek—transited through the Strait of Hormuz, marking a notable rise in oil flows through the route a few days after the United States and Iran announced a ceasefire. The movement is recorded as the day with the largest amount of oil leaving Hormuz since the conflict nearly halted trade through the corridor for six weeks.
None of the vessels carried oil from Iran or had direct links to the country. The two Chinese tankers were identified as Cospearl Lake and He Rong Hai, while the Greek vessel was Serifos.
Tracking data show that Serifos and He Rong Hai loaded cargo in Saudi Arabia, while Cospearl Lake loaded from Iraq.
All three ships appear to have followed a northern route through the strait at Iran’s request, traversing Iran’s territorial waters along Qeshm and Larak islands. The new route is farther from the traditional southern lanes closer to Iran’s coast.
The Chinese vessels are the first of their country observed exporting crude from the Persian Gulf. This is described as a positive signal for China, while also indicating that the country faced pressure related to the recent conflict.
For the Greek vessel, indications suggest it is heading toward the Malacca Strait in Malaysia, a key hub for shipments to other parts of Asia.
In terms of oil volume, exports through Hormuz rose but remained well below pre-conflict levels. The three ships have a combined capacity of around 6 million barrels of crude.
Iran’s oil exports—still the only country continuing shipments through Hormuz at about 1.7 million barrels per day in the prior month—would bring total oil moving through the strait to roughly half of the pre-conflict norm. The figures also reflect a single-day snapshot.
Reopening Hormuz has significant implications for global oil trade, as the prior closure had constrained world supply. A recovery of the route would help ease pressure on a tightening global oil market.
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