The Digester

Greek billionaire sends five tankers through Strait of Hormuz amid blockade

Mar 9th 2026

Shipowner George Prokopiou sent at least five tankers through the strategic Strait of Hormuz this week with armed guards and tracking systems off as freight rates spiked and regional tensions left most commercial traffic paused.

  • The Wall Street Journal reported George Prokopiou routed at least five tankers through the Strait of Hormuz this week.
  • Armed guards were placed on deck and tracking systems were switched off during the transits, according to ship-tracking data and sources.
  • The vessels would have had limited protection against missiles, drones, or mines.
  • Charter offers climbed to about $440,000 per day, roughly four times pre-war levels, though no deal had been confirmed.
  • Traffic through the strait plunged, with some estimates showing a 91 percent drop in transits early March versus February.
  • About one-fifth of global oil and liquefied natural gas passes through the Strait of Hormuz, making it a critical energy chokepoint.