""We have not seen any transits from tankers since the U.S. blockade began this morning," said Claire Jungman, director of maritime risk and intelligence for Vortexa, while noting the abrupt turnaround of the Rich Starry."
""We now have two governments both claiming they control the right to enter and exit the strait and, essentially, I don't think we have any idea yet how this is going to play out," said Pickering, founder of the Pickering Energy Partners consulting and research firm."
""The president sort of indicated he's willing to accept $100 [per barrel] oil," he added. "I don't know if this is going to turn into any more violence, but it's clearly the next level of this economic warfare at a minimum.""
On April 13, the oil tanker Rich Starry made a U-turn, joining a flotilla of stranded vessels in the Strait of Hormuz. The U.S. blockade, initiated after failed peace talks with Iran, has reduced oil traffic to zero, impacting global oil prices. Experts express uncertainty about the situation, with concerns over potential violence and the implications of economic warfare. The U.S. Central Command has allowed non-Iranian vessels that haven't paid tolls to transit, but fears of Iranian attacks persist.
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