Bloomberg shipping data show that of 109 large tankers (>=700,000 barrels) trapped in the Persian Gulf after the Feb. 28 outbreak and the effective closure of the Strait of Hormuz, 29 — roughly one quarter — have since made slow, covert departures an

2026-05-29

Bloomberg shipping data show that of 109 large tankers (>=700,000 barrels) trapped in the Persian Gulf after the Feb. 28 outbreak and the effective closure of the Strait of Hormuz, 29 — roughly one quarter — have since made slow, covert departures and transited the strait. Those cargoes account for only a small portion of oil and refined products still held in the Gulf, but were rapidly bought up as global inventory buffers are shrinking at a record pace. Many vessels have been operating with AIS transponders off, so the true number of Successful evacuations are likely higher.

Other News
2026-05-29

Asian Stocks 1. The Shanghai Composite Index closed up 4.91 points, or 0.12%, at 4098.64 on Thursday, May 28. 2. The Shenzhen Component Index closed up 125.42 points, or 0.8%, at 15861.89 on Thursday, May 28. 3. The CSI 300 Index closed up 6.04 po

2026-05-29

USGS reported a 5.1-magnitude offshore earthquake southern Peru at local time May 29 00:32. Epicenter 18.416°S, 71.460°W, about 86 km south of Ilo province, Moquegua region; depth 10 km. No casualties or damage reported.