The Tanker Tycoon Making Millions on Hormuz Shuttle Runs

The Strait of Hormuz has faced severe disruption due to the US-Iran war, with tankers conducting 'dark' transits (transponders off, under cover of darkness) to move UAE crude out of the Persian Gulf; Sinokor Group has emerged as a dominant operator of these shuttle runs, controlling a significant share of available VLCCs. An interim US-Iran peace deal has since allowed more open transits, but freight rates remain elevated and traffic patterns through Hormuz continue to evolve.