While Gulf countries, from Saudi Arabia to Iraq, are reducing production and striving to find alternative routes to bypass the Strait, Iran continues its business as usual, according to data from Kepler, a company specializing in tracking oil tankers. This provides Tehran with a massive financial flow amid the war being waged against it by the United States and Israel. According to The Wall Street Journal, Iran is exporting oil volumes through the Strait of Hormuz that exceed what it was exporting before the war, which confirms its control over this strategic waterway, which it has closed to other oil producers in the region. Since the war began on February 28, seven tankers...
Iran Increases Oil Shipments Through Strait of Hormuz
Amidst war with the US and Israel, Iran continues to export oil through the Strait of Hormuz in volumes exceeding pre-war levels, reinforcing its control over the strategic waterway.