The ship had lost contact with its managers while traveling near Iran on its way to Singapore last week. All 21 members of the crew are safe.
The ship, which was flying a Marshall Islands flag, was passing through the Strait of Hormuz when it lost contact with its managers.
The Emirati vice president is best known as the owner of Manchester City, a top English soccer team. Behind the scenes, he has been described as the “handler” guiding his country’s secret foreign wars.
A fragile cease-fire in the Middle East and an oil supply chain without significant disruptions have helped keep gas prices stable.
A fragile cease-fire in the Middle East and an oil supply chain without significant disruptions have helped keep gas prices stable.
Fighting has the potential to disrupt oil markets, but a move by Iran to cut off supply would chiefly hurt China, the biggest buyer of Iranian oil.
Saudi Arabia and other oil states are rushing to load tankers in case the Israel-Iran fighting spreads to export installations.
They rose more than 4 percent as traders wondered if the United States would take a more active role in the conflict between Israel and Iran.
Industry experts are examining possible scenarios, including one in which the price of oil doubles this year.
Stock markets rose even as the fighting between the two countries continued into its fourth day.