Satellite imagery shows at least 15 simultaneous ship-to-ship oil transfers happening in the Gulf of Oman today, moving roughly 25 million barrels of crude from nearly every regional producer except I

INTELLIGENCE SUMMARY

Satellite imagery shows at least 15 simultaneous ship-to-ship oil transfers happening in the Gulf of Oman today, moving roughly 25 million barrels of crude from nearly every regional producer except Iran. The transfers are part of the workaround system that emerged after the Strait of Hormuz became restricted. Shuttle tankers load inside the Persian Gulf, pass through the strait, and transfer cargo to larger vessels waiting in the Gulf of Oman for onward delivery to Asian markets.