Shipowners Risk War Dangers in Strait of Hormuz for Multi-Million Dollar Oil ProfitsGreek and Chinese Shipowners Brave Conflict for High Oil ProfitsBy Renee Maltezou and Jonathan SaulHigh Stakes in the Strait of HormuzATHENS, March 13 (Reuters) - A handful of Greek shipowners have sent crude oil and dry bulk tankers through the Strait of Hormuz during the U.S.-Israeli war on Iran, risking destruction from mines, missiles and drones for a chance at millions of dollars in quick profits. Companies involved include shipping magnate George Prokopiou's Dynacom, and the Embiricos family’s Aeolos Management, according to six industry sources familiar with the matter. Gambling With Seafarers’ LivesPolitical Encouragement and Industry Response'GAMBLING WITH SEAFARERS’ LIVES'Trump, who is seeking to combat soaring prices caused by the war, has encouraged oil tankers to traverse the strait. Seafarers’ Safety ConcernsStephen Cotton, General Secretary of leading seafarers' union the International Transport Workers' Federation (ITF), told Reuters that navigating the strait now was a bad idea. "Sending seafarers through the Strait of Hormuz right now is sending them into a live war zone," he said.

Source: The Guardian March 13, 2026 16:38 UTC