US Naval Blockade Stops Iran Oil Exports Where Sanctions Failed
For the first time in history, Iran has spent roughly seven weeks without shipping any large quantities of crude oil through the Strait of Hormuz.
For the first time in history, Iran has spent roughly seven weeks without shipping any large quantities of crude oil through the Strait of Hormuz.
Crude and condensate flows from the Persian Gulf have recovered to roughly two-thirds of pre-war levels, helping stabilize global crude prices near $89 a barrel.