Event·Maritime

More Stranded Oil Tankers Exit Hormuz, Adding to Global Supply

24 JUN 2026 · 1713Z

Three stranded tankers carrying 5 million barrels of crude oil were exiting the Strait of Hormuz on Wednesday, with two heading to Asia, shipping data showed, as the interim deal between Iran and the U.S. unlocks more supply stuck in the Gulf, bringing down global prices.