Almost 80 million barrels of oil sit on supertankers in the Persian Gulf, ready to transit the Strait of Hormuz pending trader and shipowner decisions. Read more at straitstimes.com. Read more at straitstimes.com.

Empty tankers enter the Gulf via Hormuz amid US-Iran tensions. Transit of 20 ships by June 30, 2026 at 76.5% YES.

By Isabel Wang and Myra P. Saefong