Hormuz Gridlock: Iran claims shutdown as oil keeps moving under pressure

1 min read
Source: Yahoo Finance
Hormuz Gridlock: Iran claims shutdown as oil keeps moving under pressure
Photo: Yahoo Finance
TL;DR

Iran says the Strait of Hormuz is shut, but U.S. officials say roughly 9 million barrels per day are still exiting the Gulf through Hormuz, with another 4–7 million via pipelines, totaling about 15 million bpd in global flows—well below the pre-war 20 million bpd. The figures are disputed, as

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