According to Bloomberg shipping data, 29 large non-Iranian tankers have exited the Strait of Hormuz after the Feb. 28 conflict, while their cargoes were quickly purchased amid tightening global oil inventories.
Bloomberg shipping data shows that 29 of the 109 large non-Iranian oil tankers trapped after the Feb. 28 conflict have exited the Strait of Hormuz. The new report adds that the released cargoes were quickly bought as global market inventories shrank rapidly, highlighting how the disruption extended beyond shipping flows into oil supply conditions and trading activity.