Energy Markets
The U.S. uses an Iranian smuggling technique to sneak oil from the Gulf
US military conducted a number of secretive oil transfers between ships to maintain Gulf energy exports. They used aerial and water drones, as well as helicopters to guide convoys towards awaiting tankers. Operation on the Strait of Hormuz uses a technique that Iran has used for years to avoid sanctions. Eleven people who are familiar with the operation identified two specific locations for the oil transfers. One is off the coasts of Fujairah, United Arab Emirates, and the other is off Oman's Sohar port. According to satellite imagery and shipping data, the transfer began in early May. At least 92...