Supertanker Tycoon Reaps Millions Running Hormuz Shuttle Runs as Gulf Flows Rebound
- Bloomberg profiles a shipowner running covert crude shuttle runs through the Strait of Hormuz, charging premium freight rates as the post-conflict reopening of the waterway has been faster and messier than official data suggests.
- A major Persian Gulf producer has been quietly moving crude via these shuttle operations, helping the UAE return to pre-war flow rates by the time a U.S.-Iran interim deal was signed.
- The piece highlights how a handful of well-positioned tanker owners captured windfall spreads in the spot VLCC market even as headline OPEC+ prices have normalized (bloomberg.com/news/articles/2026-07-05/the-supertanker-tycoon-making-millions-on-hormuz-shuttle-runs).