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Iran / Middle East theater · Naval

Oil-exporting countries are secretly shipping fossil fuels through the Strait of Hormuz, which is one of…

Bloomberg reports that oil-exporting countries, including the UAE, Qatar, and Kuwait, have been secretly shipping fossil fuels through the Strait of Hormuz with transponders turned off for several months. The report notes that since the start of the conflict, 23 vessels belonging to the Abu Dhabi National Oil Company have been attacked, resulting in one death and 20 injuries.

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Why it matters

The covert shipments may be contributing to stable energy prices despite regional tensions, but they also expose vessels to attack risks, as evidenced by the reported incidents.

What's unclear

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