Super-tanker traffic through the Strait of Hormuz is showing tentative life, with four large crude carriers exiting since May 10, near the pace of about two million barrels a day. Traders say the blockage has already removed roughly a billion barrels from global supply, even as non-Iran flows rise slightly. Iran has allowed Chinese ships to pass, mirroring an uptick in gas carrier crossings, while some vessels switch off satellite signals, complicating tracking and future expectations.
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