Tankers improvise to avoid Gulf tensions
Tankers are crossing sea-lanes and hugging the coasts to avoid high-risk areas in the Strait of Hormuz
About 20pc of the world's oil passes through the Strait of Hormuz, 21 miles wide at its narrowest point, and tanker owners are trying ingenious—or reckless, depending on your point of view—ways of navigating through it. Intertanko, representing the world's independent tanker operators, has issued rigorous advisory guidelines to cope with possible attacks. Operators are advised to post additional lookouts with night-vision binoculars, backed by searchlights, to watch for attackers after a string of mine and missile strikes in recent months. The guide, issued in July, advises tankers in the Strait of Hormuz to consider transiting at full speed, advice given this week by Norway to its flag-carr

Also in this section
13 March 2025
Gas will become a more important part of the energy mix longer-term raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek