With tankers on fire and ships dead in the water, Defense Secretary Pete Hegseth tried to project the U.S. was in control of the Strait of Hormuz. As Matt Gutman reports, hundreds of oil tankers remain stuck, terrorized by Iranian attacks ... .
Iran is considering allowing a limited number of oil tankers to pass through the strategic Strait of Hormuz, provided that the oil cargo is traded in Chinese yuan, CNN reported quoting an Iranian ...
Sources said these oil tankers – transporting sanctioned crude from Russia, Iran, and Venezuela – engage in "going dark" by disabling their AIS transponders to hide their movements ....
Although President Trump said seizing tankers would be a financial boon, the cost of maintaining just one aging ship has already reached $47 million ... .