Oil Industry Makes Tentative Moves Ahead of Deal to Open Hormuz

The oil and shipping industry remains largely in wait-and-see mode ahead of Friday’s deadline to reopen the Strait of Hormuz, although there are some tentative signs of preparations as a...

By Alaric Nightingale, Grant Smith, Weilun Soon, Khalid Al Ansary · Bloomberg Markets

The oil and shipping industry remains largely in wait-and-see mode ahead of Friday’s deadline to reopen the Strait of Hormuz, although there are some tentative signs of preparations as a handful of ships begin rerouting toward the Middle East while Iranian tankers laden with oil move out.