Vessels with nearly 80 mn barrels ready to test Hormuz opening

Nearly 80 million barrels of crude oil are ready to transit the Strait of Hormuz if a tentative US?Iran deal leads to a sustained reopening of the vital shipping corridor. 

About 40 very large crude carriers (VLCCs), loaded with non?sanctioned Gulf crude, are currently stationed inside the Persian Gulf.

Apart from them, Iranian oil and smaller tankers are also positioned in this area, making the true volume of supply waiting much higher, multiple reports said,



citing data complied by Vortexa. 

Before disruptions caused by the US-Iran conflict, roughly 15 million barrels per day of Gulf crude typically transited the Strait of Hormuz to Asian buyers.

Roughly 21 VLCCs are signalling destinations toward Asia, including five bound for China, five are heading for ship?to?ship transfer hubs near Malaysia and Singapore, and at least three were observed heading toward the strait at normal speeds, the reports said, citing data.