/ Jul 05, 2026
/ Jul 05, 2026

Chinese tankers leave Strait of Hormuz with 4m barrels amid oil supply fears

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Two Chinese supertankers carrying about four million barrels of Middle East crude oil have exited the Strait of Hormuz after being delayed in the Gulf for more than two months, according to Reuters, citing shipping data from LSEG and Kpler.

 

The vessels, identified as the Chinese-flagged Yuan Gui Yang and Hong Kong-flagged Ocean Lily, are among a small number of tankers that have recently managed to leave the Gulf through a transit route reportedly ordered by Iran.

The Yuan Gui Yang loaded two million barrels of Iraqi Basrah crude on February 27, one day before the outbreak of the US-Israeli conflict involving Iran, Reuters reported. The tanker, chartered by Unipec, the trading arm of Sinopec, is expected to arrive at Shuidong Port in Guangdong province on June 4.

The Ocean Lily, owned by Chinese energy giant Sinochem loaded one million barrels each of Qatari al-Shaheen and Iraqi Basrah crude between late February and early March. It is expected to discharge its cargo at Quanzhou Port in Fujian province on June 5.

Reuters said another tanker, Yuan Hua Hu, had also exited the strait last week carrying two million barrels of Iraqi oil bound for eastern China.

The latest movements come amid continuing tensions around the Strait of Hormuz, a strategic shipping route that handles a major share of global oil exports. Tanker traffic through the passage has fallen sharply since the conflict began, with shipping companies facing risks linked to military activity, mines and drone threats.

Oil prices eased slightly following reports of the successful tanker crossings, raising cautious hopes that some crude exports may resume despite ongoing regional instability.

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