Among the large oil tankers affected by the Iran conflict, one-quarter have successfully exited the strait.
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Golden Ten Data reported on May 29 that among the non-Iranian large oil tankers initially stranded in the Persian Gulf at the outbreak of the conflict in Iran, about a quarter have gradually managed to get out by traveling slowly and covertly, successfully leaving the area. According to Bloomberg shipping data, after the conflict began on February 28 and the Strait of Hormuz was effectively closed, a total of 109 large vessels (those with a capacity of 700,000 barrels or more) were trapped; now, 29 of these have managed to pass through this strategic chokepoint. Although the oil that has left the Gulf accounts for only a very small portion of the crude oil and refined products still retained in the region, these shipments have been snapped up by the market as soon as they became available, amid a backdrop of global market inventories being depleted at a record pace. In addition, since many ships have turned off their location broadcasting equipment to avoid risks, the actual number of vessels that have escaped likely exceeds the official figures.
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