The Strait of Hormuz has become one of the world’s most expensive and dangerous oil routes. As the US-Iran confrontation continues, tanker operators are reportedly offering sailors as much as $25,000 for a single round trip through the strategic waterway. Commercial vessels are facing attacks, drones, GPS disruptions and the threat of operating inside an active war zone. Yet despite the risks, crude continues to flow out of the Persian Gulf. A new shipping system known as a ‘shuttle run’ is helping keep that oil moving. VLCCs enter the Persian Gulf, load crude, and make the dangerous journey back through Hormuz before transferring the cargo to another tanker outside the Gulf. Josh Barnes brings you the latest on Firstpost Live.
Also on the show:
35 Ukrainian Troops Lost in 24 Hrs? Russia Foils Breakout Bid, Destroys Vehicles
‘Completely Unacceptable’, India Condemns Russia’s Black Sea Ship Strike
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Donald Trump | Iran | USA | Strait of Hormuz | Hormuz Crisis | Oil Tankers | Oil Shipping | Persian Gulf | Shuttle Run | Crude Oil | Firstpost
#donaldtrump #iran #usa #straitofhormuz #hormuz #oiltankers #oilshipping #persiangulf #crudeoil #hormuzcrisis #firstpostlive #firstpost
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