Supertanker tycoon is making millions from ‘dark’ Hormuz shuttle runs
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Source: The Age
Published: 2026-07-06 11:00 UTC+10:00
Section: Business / Markets
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Military & Defence, Iran, Energy, Business & Economy, War & Conflict
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Snippet:
Just a few weeks into the war, one of the Persian Gulf’s top oil producers quietly began sneaking its crude out of the Strait of Hormuz. Before long, the covert project became so successful that the United Arab Emirates was already approaching its pre-war rate of flows through the waterway by the time the US and Iran signed their interim peace deal.
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