Oman Plans to Double Oil Storage, Bypass Hormuz with VLCCs

Oman's state-owned OQ SAOC is considering acquiring two VLCCs to expand its oil storage capacity, aiming to provide an alternative route for Gulf crude exports that bypass the Strait of Hormuz. This move signals a strategic shift in regional energy logistics amid ongoing tensions, though the plan's scope and timeline remain uncertain. It matters because it could reduce the strategic vulnerability of Gulf oil exports to Hormuz disruption.