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ADNOC Spends $590 Million on Five Supertankers as Strait of Hormuz Risks Rise

EnergyBasic

Medium 8/10ADNOC Crude Oil

ADNOC Spends $590 Million on Five Supertankers as Strait of Hormuz Risks Rise

Abu Dhabi’s national oil company has acquired five very large crude carriers to secure its supply chain. This strategic move comes as regional instability continues to disrupt transit through the Strait of Hormuz.

July 31, 2026Published 1 hour ago