First Crude Cargo Clears Hormuz Since U.S. Blockade Began

A tanker flying the flag of Pakistan has just become the first vessel to ship crude out of the Strait of Hormuz since the U.S. blockade outside the chokepoint began on Monday, ship-tracking data compiled by Bloomberg showed on Friday. The Shalamar crude oil tanker of the Aframax size is now in the Gulf of Oman en route to Karachi, Pakistan, half-full with an estimated cargo of 450,000 barrels of crude loaded at Das Island in the United Arab Emirates, according to the data. The Shalamar is expect...