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 Summary

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

Share this article

Reading Insights

Total Reads

0

Unique Readers

5

Time Saved

13 min

vs 13 min read

Condensed

98%

2,58650 words

Want the full story? Read the original article

Read on Yahoo Finance