Bloomberg
The Supertanker Tycoon Making Millions on Hormuz Shuttle Runs
Sunday, July 5, 2026
One of the Persian Gulf's top oil producers began transporting crude through the Strait of Hormuz using alternative routes weeks into the conflict. The United Arab Emirates' oil flows through the waterway approached pre-conflict levels by the time the US and Iran signed an interim peace agreement. The transport operations generated significant revenue for shipping companies involved in the routes.
