Over 160 oil tankers stuck in Gulf as Iran tightens grip on Hormuz
More than 160 oil tankers are stranded in the Gulf of Oman and the Strait of Hormuz because of intensified inspections by Iran's Revolutionary Guards. More than half of all shipments bound for Asian refineries are delayed; oil-market premiums are climbing rapidly.
Nikkei Asia8 h agoBNO XOM RDS-A