22-September-2026
Corporate News
 
Hormuz shuttles keep oil flowing, but at a high cost
21-Sep-2026

A new shuttling system is reshaping the Middle East oil market, as producers seek to keep exports flowing despite the escalating regional conflict. The question now is whether this complex, expensive process is a stopgap measure or the global energy market's new normal. Several miles off Oman's coast, south of the Strait of Hormuz, rows of tankers lie at anchor. Many sit alongside each other, connected by ropes and hoses as they transfer crude from one vessel to another, creating a floating bridge between the Middle East's oilfields and the global market.

News Source:- https://economictimes.indiatimes.com/industry/energy/oil-gas/hormuz-shuttles-keep-oil-flowing-but-at-a-high-cost/articleshow/134382146.cms