The Tanker Tycoon Making Millions on Hormuz Shuttle Runs

By Weilun Soon, Alex Longley and Anthony Di Paola

(Bloomberg) — Just a few weeks into the war, one of the Persian Gulf’s top oil producers quietly began sneaking its crude out of the Strait of Hormuz. Before long, the covert project became so successful that the United Arab Emirates was already approaching its pre-war rate of flows through the waterway by the time the US and Iran signed their interim peace deal.

The UAE’s aggressive push to get barrels safely out of the strait relied on tactics normally associated with sanctioned countries like Iran, Russia and Venezuela: the ships traveled