A little-known Swiss trading company played a key role in the transit through the Strait of Hormuz of an oil supertanker whose stop-start journey captivated the oil market earlier this month, according to people familiar with the matter.
The role of Lytton SA, a Geneva-based trading house with links to Iraq, has not previously been reported. It highlights how the near-closure of the Strait of Hormuz is creating vast money-making opportunities for traders and shipping companies willing to brave the risks of the voyage.
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