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Russian superyacht sails through Strait of Hormuz despite blockade

Russian superyacht sails through Strait of Hormuz despite blockade

Summary

A luxury Russian yacht linked to billionaire Alexey Mordashov sailed through the Strait of Hormuz despite a current blockade. The yacht traveled from Dubai to Oman at a time when tensions between Iran and the US over the waterway remain high.

Key Facts

  • The yacht, named Nord, is 142 meters long and valued at about $500 million.
  • Nord is linked to Alexey Mordashov, a Russian billionaire with close ties to President Putin.
  • The yacht traveled from Dubai to Muscat, Oman, passing through the Strait of Hormuz over a weekend.
  • The Strait of Hormuz is an important shipping route where about 20% of the world's oil and gas normally pass.
  • Iran has restricted shipping in this waterway following a US blockade on Iranian ports announced by President Donald Trump.
  • The yacht was registered to a company owned by Mordashov’s wife in 2022.
  • Maritime traffic in the region is much lower than before the Russia-Ukraine war, which has increased global oil prices.
  • Russia and Iran are strengthening their diplomatic ties amid the ongoing dispute over the strait.
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