Bloomberg: How Korean Carriers Secretly Transported Oil Through the Strait of Hormuz During the War

Secretly, Abu Dhabi began extracting its oil from the Strait of Hormuz during the Iran War, using tracking methods employed by other sanctioned countries like Iran and Russia. The company relied on large leased tankers, such as Sinocor Group, which greatly expanded its fleet and started chartering ships to ADNOC for shuttle and clandestine oil transport, aimed at avoiding tracking. These operations resulted in a significant increase in UAE exports through Hormuz, helping to compensate for the shutdown effects caused by the war, while yielding substantial profits for the shipping companies involved.

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