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Updated 2d ago
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Iranian Crude Oil Flows Via Hormuz Surge as More Ships Transit
Oil exports from Iran have increased following a ceasefire agreement between Washington and Tehran. European and Chinese vessels are leading the rise in traffic through the Strait of Hormuz. The threat level for ships transiting the waterway has been downgraded to moderate.
What changed
Shipping volume has increased significantly as tankers previously stuck in the Persian Gulf exit the region.
Live updates
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Iranian Crude Oil Flows Surge via Strait of Hormuz
confidence 80%Oil exports from Iran have increased following a ceasefire agreement between Washington and Tehran. European and Chinese vessels are leading the rise in traffic through the Strait of Hormuz. The threat level for ships transiting the waterway has been downgraded to moderate.
What's confirmed:
- The United States and Iran signed a ceasefire deal.
- Oil shipments through the Strait of Hormuz have increased.
- Chinese and European ships are leading the surge in traffic through the chokepoint.
Still unconfirmed:
- The Iranian national oil company says 25 million barrels of oil passed the blockade since Monday.
- TankerTrackers reports Iran exported 40 million barrels of crude since June 15.
- Iran exported 36 million barrels of oil in one week.
- Oil tankers carrying 35 million barrels that were stuck in the Persian Gulf have exited the Strait of Hormuz.
- Iranian crude prices have been slashed.
- Oil windfall is funding a rapid rebuild of Iran's ballistic missile array.