Tankers U-Turn at Hormuz as Iran Tightens Its Grip

Tanker traffic at the Strait of Hormuz has become even more erratic than before, with vessels meandering and U-turning, unsure how to proceed amid escalating security threats and Iran’s insistence of control over the chokepoint. The Amara fuel tanker, which moved into the Persian Gulf empty on Monday, has since made several U-turns and is currently positioned without moving in the northern part of the Strait of Hormuz in lanes where Iran approves transits, according to vessel-tracking data compiled by Bloomberg. On Monday, a local media report…