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Swiss Trading Firm Lytton SA Transports 2 Million Barrels of Iraqi Crude Through Strait of Hormuz, Banks $60M Profit

GateNews

2026-05-25 11:38:05

According to BlockBeats, on May 25, Swiss trading company Lytton SA successfully transported approximately 2 million barrels of Iraqi crude through the Strait of Hormuz aboard the tanker Agios Fanourios II, generating around $60 million in gross profit from the single shipment. The company purchased crude oil at a $18-per-barrel discount to international benchmark prices amid pricing distortions within the Persian Gulf, then resold at elevated prices outside the strait. The transaction incurred $35-40 million in shipping costs and faced multiple interceptions by Iranian and U.S. forces during transit; U.S. forces released the vessel after confirming the cargo's origin.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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