Hormuz Oil Trade Runs Undetected Despite Attacks

Oil trade through the Strait of Hormuz continues unabated despite recent attacks on vessels. People familiar with the shipments report that Middle Eastern oil producers are shipping large volumes of crude out of the Persian Gulf, helping to keep global prices in check.

The covert oil flows from the Middle East have been running at full tilt since the Iran war began, according to those with knowledge of the shipments. This has helped to assuage fears of an energy-driven inflation spike, which was a concern for some economists.

Despite the attacks on vessels, oil producers are pressing ahead with their operations, transferring barrels onto tankers in the Gulf of Oman undetected.