A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of the first large oil tankers to leave the Persian Gulf since traffic through the vital chokepoint all but halted.
The Shenlong tanker, which is operated by Greece’s Dynacom Tankers Management Ltd. switched off its transponder in the Persian Gulf on March 4 while sailing toward Hormuz and began signaling near India’s coastline on Monday morning, according to ship-tracking data compiled by Bloomberg.
Traders have been closely looking for any sign that ship traffic is beginning to move through Hormuz. US Energy Secretary Chris Wright said in an interview with Fox News over the weekend that a tanker had made the journey through.
Still, there is little sign that the overall security situation in the region has changed, and the overwhelming majority of shipping operators remain reluctant to transit the waterway.
A representative for Dynacom didn’t immediately respond to a request for comment.
Photograph: A tanker passes through the Strait of Hormuz. Photo credit: Fadel Senna/AFP/Getty Images
Copyright 2026 Bloomberg.
Topics
Energy
Oil Gas
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