Iran’s Oil Exports Collapse as Hormuz Standoff Drags On

Iran’s oil lifeline is collapsing as exports plunge 85%

Iran’s oil shipments are plunging, tanker reserves are rapidly shrinking, and China is seeking alternative suppliers.

Iran’s Oil Exports Collapse as Hormuz Standoff Drags On

More than six months after the U.S.-Iran war began, shipping traffic at the Strait of Hormuz remains disrupted, and oil prices are once again closing in on the $100 per barrel mark. The U.S. and Iran remain deadlocked at the start of the seventh month of the conflict. But the U.S. economic pressure on Iran has intensified, while oil flows out from the other Persian Gulf producers are estimated to have rebounded to about two-thirds of pre-war lev…

Hormuz Crisis, Oil Shock and Iran’s Shift Toward Crypto

The escalating confrontation between the United States and Iran has entered a dangerous new phase, with military attacks on Iranian oil tankers near the Strait of Hormuz sending another shock through global energy markets. Brent crude has climbed above $100 a barrel for the first time since July, highlighting how quickly geopolitical conflict can translate […]