Covert Mideast Oil Flows Keep Global Prices in Check As the world grapples with conflicts and economic uncertainty, Middle Eastern producers have found a way to keep crude prices stable by ferrying large volumes of oil through the Strait of Hormuz undetected.
This clandestine shuttle trade has become crucial for global markets, helping mitigate the risk of an energy driven inflation spike. The scale of these covert operations is substantial.
According to sources, more than 4 million barrels per day are being transported through the strait, more than double initial projections. The UAE's Abu Dhabi National Oil Co.