Russian oligarch’s superyacht allowed through strait of Hormuz, source says

Billionaire Alexei Mordashov’s vessel, Nord, reportedly able to cross blockaded strait with US and Iranian approval

A superyacht owned by the Russian billionaire Alexei Mordashov was able to transit the blockaded strait of Hormuz after undergoing maintenance in Dubai because neither Iran nor the US objected, a source close to Mordashov said on Tuesday.

It has been unclear how the multi-deck pleasure vessel, worth more than $500m (£370m), gained permission to sail on Saturday through the commercially important waterway at the heart of the US-Iran conflict, where traffic has been severely restricted since February.