Two Supertankers Exit Hormuz With Crude Bound for China

Two supertankers loaded with crude oil exited the Strait of Hormuz today and are heading to China, Reuters reported, citing data from LSEG and Kpler. The vessels are carrying Iraqi and some Qatari crude, loaded in late February and early March. The cargoes were ordered by Chinese energy majors Unipec and Sinochem. Last week, Iran said it had allowed as many as 30 vessels to pass through the Strait of Hormuz, after indicating it would operate on a per-government basis, agreeing deals with individ...