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Greek Shipowners Risk Lives for Oil Profits Amid War

3/16/2026

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Story summary
  • Greek shipowners navigate the Strait of Hormuz amid the U.S.-Israeli war on Iran to profit from higher oil prices.
  • Since February 28, at least 10 Greek and two Chinese vessels have crossed the strait despite Iranian threats and attacks.
  • U.S. President Donald Trump encouraged this risky trade, saying the Navy would escort ships, while the military warns of high risks.