* Iran has vowed to keep the Strait of Hormuz closed
* Iran's military has struck several ships moving through
it
* Trump has encouraged oil tankers to traverse the strait
* US military has declined requests for escorts
By Renee Maltezou and Jonathan Saul
ATHENS, 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.
The voyages reflect the financial allure of soaring crude
oil prices and surging tanker rates since the start of the war,
which has effectively sealed off a fifth of the world's oil and
liquefied natural gas supply from global markets.
U.S. President Donald Trump has urged ships to "show some
guts" and run the strait, although the U.S. military has
declined requests from the shipping industry for escorts through
the waterway because of the risk of attack.
"The risks are huge. But the sea has always been a risky
business," said a Greek shipowner involved in the voyages who
declined to be identified because of the sensitivity of the
trade.
At least 10 ships operated by Greek companies, and at least
two Chinese-operated vessels, have sailed through the strait
between Iran and Oman since U.S. and Israeli strikes began on
February 28, according to data from maritime specialists Lloyd's
List Intelligence and MarineTraffic.
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.
Dynacom and Aeolos did not respond to requests for comment.
Iran's military has struck several ships moving through the
narrow channel, vowing to keep it closed and warning that oil
will reach $200 per barrel. At least 16 ships have been
attacked, including Greek-operated vessels hit by drones.
U.S. Defense Secretary Pete Hegseth said on Friday there was
no clear evidence that Iran has placed mines in the Strait of
Hormuz, after news reports suggesting Tehran had deployed
about a dozen mines there.
A second Greek shipping source involved in the trade, who
also asked not to be named, described the tense and fraught
sailings in the narrow waterway as "like entering an enemy's
bathtub".
The profits are good, though. Average daily earnings have
surged to the highest levels in six years, with tanker owners
able to earn $500,000 a day for a charter, according to ship
broking data.
Even with huge war insurance costs and higher salaries for
crew members, companies can still make millions of dollars on
each voyage, industry sources familiar with the matter said.
'GAMBLING WITH SEAFARERS' LIVES'
Trump, who is seeking to combat soaring prices caused by the
war, has encouraged oil tankers to traverse the strait.
"These ships should go through the Strait of Hormuz and show
some guts, there's nothing to be afraid of," Trump said,
according to Fox News' Brian Kilmeade, who recounted the
president's remarks during a recent interview.
The White House did not immediately comment.
Trump has said the U.S. Navy will provide escorts through
the strait when needed, but the Navy has told the shipping
industry in regular briefings that the risks are too high for
escorts.
Stephen 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.
Tactics deployed by shipowners so far include switching off
AIS ship-tracking transponders in the hope that vessels become
less visible to Iran's military, and travelling at night.
"Reports that some operators are switching off AIS to try
and slip ships through and dodge attacks are extraordinarily
alarming - it's gambling with seafarers' lives," the ITF's
Cotton said.
The voyages are among the most daring by shipowners since
Norwegian-born billionaire John Fredriksen made his fortune in
the "tanker wars" of the 1980s during the Iran-Iraq conflict,
when his vessels risked missile fire to load and then transport
crude oil cargoes from the conflict area.