Iran war: Tankers are using stealth to exit the Strait of Hormuz, freeing oil trapped in the Gulf. The practice of ships going dark is widespread. This makes it harder to gauge market flows. Oil on water in the Gulf has dropped. This shows outflows are inching higher. The market may not return to normal.

Analysts and policymakers warn that oil and gas traffic through the Strait of Hormuz may not return to pre-war levels.

Iran war: Tankers are using stealth to exit the Strait of Hormuz, freeing oil trapped in the Gulf. The practice of ships going dark is widespread. This makes it harder to gauge…

Insiders see little chance of freight rates returning to prewar levels anytime soon, due to both shifting trade flows and the evolving strategies of fleet operators and traders.