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oilexports
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Conflict & Security · Middle EastUS commander: Hormuz Strait mine-free, Iran oil exports zero
US Central Command chief Admiral Brad Cooper reported that the Strait of Hormuz's main shipping lanes are mine-free and that Iran has exported no oil due to US sanctions. Iran's armed forces maintain control of the strait's initiative, a spokesman said.
Middle East2 min readTrust 42 · Craft 45 · Hype 20- Business & Economy · Middle East
Iran uses barter system to buy Chinese goods, bypassing sanctions
Iran has established a barter-like mechanism to circumvent US sanctions on its oil exports, allowing it to convert oil revenues into credits for purchasing goods from China. This system bypasses international banking transfers and has facilitated the import of various items, including military equipment.
Middle East4 min readTrust 60 · Craft 65 · Hype 45
Business & Economy · Middle EastOil Flows Through Strait of Hormuz Increase Amid New Shipping Methods
Oil exports through the Strait of Hormuz are increasing, with Kuwait and Qatar restoring 70% of pre-war levels. Traders have developed new methods, including ship-to-ship transfers, to mitigate risks in the vital waterway.
Middle East4 min readTrust 60 · Craft 61 · Hype 41
Politics · Middle EastIran Grants Iraq Special Passage for Oil Tankers Through Hormuz
Iran has granted special permission for Iraqi oil tankers to transit the Strait of Hormuz, following repeated requests from Baghdad. This comes as Iraq's crude oil exports have fallen sharply, and the country is exploring alternative, costly export routes.
Middle East3 min readTrust 86 · Craft 85 · Hype 15
Business & Economy · Middle EastUS Energy Secretary’s Oil Export Claims Disputed by Shipping Data
US Energy Secretary Chris Wright claims nearly 9 million barrels of oil per day leave the Strait of Hormuz, a figure the US says reflects military efforts to secure the waterway. Vessel tracking services report volumes closer to 1.7 to 2.8 million barrels per day, leaving a gap of 3 to 5 million barrels unaccounted for.
Middle East5 min readTrust 78 · Craft 77 · Hype 25
Conflict & Security · Middle EastShip attacked in Strait of Hormuz, UKMTO reports
A cargo ship was hit by an unknown projectile in the Strait of Hormuz, the British Maritime Safety Authority said. The attack, near Oman’s coast, follows previous incidents involving Tehran’s forces in the key oil and gas export route.
Middle East3 min readTrust 70 · Craft 55 · Hype 15