The superyacht Nord, owned by Russian steel mogul Alexei Mordashov, successfully transited the blockaded Strait of Hormuz last weekend. The vessel, identified as the 12th largest superyacht in the world, was sailing from Dubai where it had been undergoing maintenance.
The passage took place on Saturday despite severe traffic restrictions in the commercially important waterway since February. The strait is at the heart of the US-Iran conflict, but a source close to Mordashov stated that the vessel was able to transit because neither Iran nor the United States objected.
The Nord is a vessel measuring between 464 and 466 feet and is valued at more than $500 million. Its owner, Alexei Mordashov, is currently under American and European sanctions.