Tankers are transporting Middle East crude oil from the Strait of Hormuz to global markets under the supervision of the United States Navy and with security measures in place. Despite ongoing threats from Iran's military activities, this traffic has returned to pre-war levels.
Security Measures in Passing Through Hormuz
A captain of a tanker, who requested to remain anonymous due to commercial sensitivities, reported that tankers are preparing for the worst-case scenarios while passing through Hormuz. This captain recalls an explosion that occurred in front of his ship's path and adds that, relying on his experience, he was able to divert the vessel immediately. At that moment, he informed the United States Navy to report the attack.
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According to him, tankers typically move at night and adhere to strict guidelines. These tankers travel towards global markets without lights, phones, and rely solely on radar. The distance of these tankers from the shores of Oman is usually only one mile, where the water depth reaches about 100 meters.
Increased Traffic and Profitability for the Energy Market
Recent reports indicate that the flow of Middle East crude oil, especially with shipments from Hormuz, has returned to pre-war levels. JPMorgan estimates that this flow reaches 17.5 million barrels per day through the Persian Gulf. This traffic is not only a vital artery for energy producers in the Gulf but also a source of profit for ship owners and commodity traders.
The United States has coordinated with exporters since early summer to chart safe routes and avoid mines laid by Iran. The United States Navy continuously monitors the status of vessels and assists them when necessary. Meanwhile, captains consider multiple times higher wages for their crews due to the high risks involved.
This situation reflects the challenges in global energy supply and the need for security measures to navigate hazardous routes. Despite ongoing risks, tankers continue to supply global energy, which has become even more significant under current conditions.
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