Abu Dhabi National Oil Co. has been quietly ferrying oil and gas shipments out of the Persian Gulf using its own fleet, apparently clearing both the Iranian navy and US warships to reach energy-starved customers.
Chinese coking coal futures jumped by the daily limit and mining stocks surged after a deadly accident in Shanxi province sparked fears of broader supply disruptions.
Three tankers loaded with liquefied natural gas appear to have crossed the Strait of Hormuz in recent days, as suppliers in Qatar and the United Arab Emirates attempt to get fuel out to key buyers despite the near-total closure of the waterway.
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