cargo comeback
Kuwait, Qatar shipping more oil from Gulf, using smaller vessels
Daily oil traffic through the Strait of Hormuz has nearly doubled since mid-July, rising to some 7 million and 8 million barrels as crude prices drop
YASSER AL-ZAYYAT/AFP via Getty Images)
A Qatar Navigation cargo ship cruising towards the port of Shuwaikh in Kuwait City
Add The Circuit on GoogleMore Gulf oil is getting through the Strait of Hormuz, easing fears of a global supply shortage.
Kuwait and Qatar are now shipping about 70% as much oil as they did before the Iran war, Bloomberg reports. They are using smaller...
