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The Economic Times

Economy / The Economic Times

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Tankers make U-turns in Hormuz, with some taking Iran route instead

Tensions are high in the Persian Gulf as at least eight ships, including oil tankers, reversed course near the Omani coast, signaling Iran's continued assertion of control over the Strait of Hormuz. Despite a US-Iran deal to reopen the waterway, vessels report warnings from Iranian forces. While traffic has increased, it remains below pre-war levels, highlighting ongoing complexities for global oil markets.

4 Jul 2026 4:48 pm