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Swiss Trader Facilitated Iraqi Oil Transit Through Hormuz Strait

A Swiss trading company played a key role in the transit of an Iraqi crude-laden supertanker through the Strait of Hormuz this month. The Chinese-owned vessel tested existing restrictions in the Persian Gulf as additional supertankers carrying unsanctioned crude moved through the chokepoint in recent days. The increased traffic offered modest relief to energy markets grappling with historically significant supply constraints. U.S. energy officials said they would begin publishing new data tracking strategic petroleum reserves and liquefied natural gas flows through critical maritime chokepoints.