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Supertanker Traffic Picks Up Through Hormuz as Supply Crisis Deepens

Supertanker operators are testing transit routes through the Strait of Hormuz, with vessel movements showing signs of increase. This represents progress in addressing the historic supply shortage affecting global energy markets. US officials are evaluating Iranian responses to a proposed accord on restoring crude flows through the waterway. China has advised its largest banks to temporarily suspend new loans to US-sanctioned refineries. ADNOC Gas reported first-quarter earnings that beat analyst estimates despite export disruptions through Hormuz. The company plans to reach 80 percent capacity by year-end. Supertanker transits continue as multiple parties navigate the disputed waterway amid geopolitical tensions in the region.