$BTC
🇸🇦🇺🇸 Saudi Arabia is running oil tankers straight through Hormuz, with the U.S. military watching their backs.
Bahri, the kingdom's national shipping company, sent 4 vessels through the strait today, coordinating with Washington at a government level, its ship management president Khalid Alhammad said.
It's working, too. Middle East oil shipments are now close to prewar levels, even as Iran steps up attacks on tankers.
It hasn't come cheap. Several Bahri ships were hit last quarter, and 2 of its sailors were killed.
Alhammad says the Gulf shippers have no choice:
"We have to keep moving the energy."
Iran wanted Hormuz shut. The Saudis are treating it like a toll road with an armed escort.
Source: Bloomberg
#crypto #CryptoNews #worldnews
🇸🇦🇺🇸 Saudi Arabia is running oil tankers straight through Hormuz, with the U.S. military watching their backs.
Bahri, the kingdom's national shipping company, sent 4 vessels through the strait today, coordinating with Washington at a government level, its ship management president Khalid Alhammad said.
It's working, too. Middle East oil shipments are now close to prewar levels, even as Iran steps up attacks on tankers.
It hasn't come cheap. Several Bahri ships were hit last quarter, and 2 of its sailors were killed.
Alhammad says the Gulf shippers have no choice:
"We have to keep moving the energy."
Iran wanted Hormuz shut. The Saudis are treating it like a toll road with an armed escort.
Source: Bloomberg
#crypto #CryptoNews #worldnews
