Hormuz Oil Flows Surge as Gulf Producers Embrace Workarounds

ULSAN, SOUTH KOREA - JUNE 10: The oil tanker Universal Winner, described as the first South Korean vessel to exit the Strait of Hormuz after being stranded there since the outbreak of conflict in the Middle East, arrives at the port of Ulsan, South Korea, on June 10, 2026, to unload crude oil. (Photo by Hwawon Ceci Lee/Anadolu via Getty Images)