60 empty supertankers mass near Hormuz as two tankers U-turn in race to reposition
Two oil tankers abruptly reversed course from Africa to Fujairah, triggering a logistics race with 60 idle VLCCs now waiting outside the Strait of Hormuz. The looming US-Iran peace deal could reopen the critical choke point, spiking freight rates for first movers and reshaping global crude supply chains.