A ship carrying one million barrels of Saudi crude oil passed through the Strait of Hormuz in recent days, one of the first large oil tankers to leave the Persian Gulf, while traffic through the key checkpoint was halted.
The Shenlong tanker, operated by Greece’s Dynacom Tankers Management Ltd., turned off its transponder on March 4 en route to Hormuz in the Persian Gulf and began signaling near India’s coastline on Monday morning, according to vessel tracking data compiled by Bloomberg.
Traders are closely watching for any sign that shipping is beginning to pass through Hormuz. U.S. Energy Secretary Chris Wright said in an interview with Fox News over the weekend that a tanker had made the trip.
Still, there are few signs that the overall security situation in the region has changed, and the overwhelming majority of shipping operators are reluctant to move through the waterway.
A representative for Dynacom did not immediately respond to a request for comment.
Photo: A tanker passing through the Strait of Hormuz. Photo credit: Fidel Senna/AFP/Getty Images
Copyright 2026 Bloomberg.
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