31 Supertankers Carrying 62M Barrels of Crude Trapped in Persian Gulf Set to Flood Asian Markets

According to Bloomberg citing Signal Group data, about 31 supertankers carrying roughly 62 million barrels of crude oil are currently trapped in the Persian Gulf and set to be released into Asian markets. The sudden influx may create a supply glut in a region that had successfully addressed supply gaps in recent weeks. However, the actual number of stranded vessels could be higher, as some ships may have disabled their satellite tracking systems.
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