Texas oil trader plans $2 billion purchase of used supertankers

Oil traders are struggling to find ships to move oil from the Middle East.

Ben Morrow’s company plans to spend $2 billion buying used supertankers instead of renting them.

The ships would carry oil through the Strait of Hormuz, where fighting has disrupted shipping.

More tankers could help keep oil moving, but the plan involves major risks and high ship prices.