“NO OIL FOR YOU!”
As the crisis in the Middle East continues and the volume of traffic through the Strait of Hormuz remains a relative trickle, a tangled web of commerce and diplomacy continues to deliver oil from the Persian Gulf to customers throughout the world, overwhelmingly in Asia.
For some, such as India, deals have been made with Tehran for various tankers and LNG carriers to be provided safe passage through the Strait, with the Indian Navy waiting to escort ships once they reach the Gulf of Oman.
For others, most notably China, the flow of oil from the Persian Gulf never really stopped, with sanctioned Iranian crude and other products making its way to the Middle Kingdom largely unimpeded since the start of the war.
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