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Tankers turn back at Hormuz as crude jumps over 4% on US blockade


The Malawi-flagged tanker Rich Starry, 188 meters in length, turned around “within minutes of approaching the strait,” MarineTraffic reported
Two oil tankers reversed course as they approached the Strait of Hormuz on Monday, just hours after the US naval blockade against Iranian ports took effect, according to maritime tracking platform MarineTraffic. Brent crude for June delivery closed up 4.4% at $99.36 per barrel, while US benchmark WTI rose 2.6% to $99.08, according to Bloomberg.



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