Shipowners and Oil Traders Wary as Iran Says Hormuz Fully Open

Tanker owners and oil traders responded warily after Iran said on Friday that the Strait of Hormuz is open to all ships — a statement that, if true, will free...

By Anthony Di Paola, Jack Wittels, Mia Gindis, Bill Lehane, Julian Lee, Patrick Sykes, Grant Smith, Archie Hunter, Rakteem Katakey, Alaric Nightingale, Weilun Soon · Bloomberg Markets

Tanker owners and oil traders responded warily after Iran said on Friday that the Strait of Hormuz is open to all ships — a statement that, if true, will free up millions of barrels of crude oil and fuel stuck inside the Persian Gulf.