Chinese Oil Tankers Turn Back as Hormuz Risks Mount

Two Chinese very large crude carriers have made U-turns in the Strait of Hormuz, currently idling in the area, Bloomberg reported today, citing ship-tracking data. One of the supertankers, Sea V, loaded crude oil in Iraq and set off for Hormuz yesterday, but turned back and is now idling in the waterway, the data showed. The Sea V is sailing under a Hong Kong flag, with Marine Traffic reporting a “Chinese crew owner”. The other vessel, Hong Kong-flagged Hestia, sailed into the Persian Gulf earlier this week, entered Hormuz but later…