Source: Fortune.com
Summary
Three oil tankers attempted to pass through the Strait of Hormuz on Sunday, but two of them made U-turns after peace negotiations between the US and Iran broke down. The tankers, Agios Fanourios I and Shalamar, turned back despite having received approvals from Iran to transit the strait. The third tanker, Mombasa B, successfully made its way into the Persian Gulf. The incident occurred as negotiators in Islamabad announced they had failed to reach a deal.
Our Reading
The numbers tell one story. Two tankers, Agios Fanourios I and Shalamar, U-turned just as peace talks broke down. Mombasa B sailed ahead, but its destination is unclear. The Strait of Hormuz remains a point of contention in US-Iran negotiations. The tankers’ about-turns reflect the constantly changing security situation and high risks in the region. The incident is a reminder that the strait’s reopening is a crucial point of discussion in the negotiations.
Author: Evan Null
