Politics, Geopolitical & Conflict - Following recent tensions in the Persian Gulf and the Strait of Hormuz, oil tankers traveling through the Strait of Hormuz are turning off their transponders to avoid detection in an effort to stay safe. Other tankers are hugging the Saudi coast once inside the Persian Gulf. Shell confirmed it is continuing to travel through the Strait, but is not using UK-flagged vessels to move its oil. BP is also moving oil through the Strait on contracted vessels. - Germany has rejected the idea of joining a US-led naval…
