The supertanker tycoon making millions on Hormuz shuttle runs

Ga-Hyun Chung's Sinokor Group leases supertankers for the UAE's Abu Dhabi National Oil Co. to conduct covert 'dark' oil shipments through the Strait of Hormuz, enabling increased crude exports amid the Iran war. The UAE's strategy involved ships traveling without transponders and offloading cargo outside the strait, with Sinokor controlling nearly half of Emirati crude shipments by June.