Chinese Oil Tankers Turn Back as Hormuz Risks Mount | EN590 Commodities
EN590 Commodities GroupCrude Oil August 19, 2026
Strait of Hormuz Shipping Slows After Vessel Attack What I Cover
Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Two Chinese very large crude carriers have made U-turns in the Strait of Hormuz, currently idling in the area, Bloomberg reported today, citing ship-tracking data. One of the supertankers, Sea V, loaded crude oil in Iraq and set off for Hormuz yesterday, but turned back and is now idling in the waterway, the data showed. The Sea V is sailing under a Hong Kong flag, with Marine Trafficreportinga “Chinese crew owner”. The other vessel, Hong Kong-flagged Hestia, sailed into the Persian Gulf earlier this week, entered Hormuz but later U-turned and is currently in the Gulf of Oman, accordin
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.