Oil tanker CEO sees Hormuz ship traffic quickly increasing if U.S. and Iran reach a deal

• Frontline CEO Lars Barstad said oil tanker traffic through the Strait of Hormuz should quickly increase if the U.S. and Iran reach a credible deal.
• The Gulf states are desperate to increase their oil exports and tankers are positioned close to the region to cash in on a reopening of Hormuz, the CEO said.
• But those prepositioned tankers will eventually have to decide whether to leave if the promise of a deal doesn’t materialize, he said.
• Frontline has a fleet of 80 tankers with five currently stuck in the Gulf, Barstad said.

Source: https://www.cnbc.com/2026/06/11/iran-strait-hormuz-oil-tanker-traffic-frontline.html