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Commodities

Since the start of this conflict, there have been at least 100 STS (Ship-to-Ship) transfers of oil involving VLCC supertankers; each capable of handling two million barrels of crude oil

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Since the 2026 conflict began, 100+ STS transfers allowed ADNOC to maintain exports via Sinokor-managed VLCCs, bypassing Hormuz despite record tanker rates and high oil price volatility.

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