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U.S. crude oil exports surged to 5.2 million barrels per day in April 2026, a more than 30% increase from February, driven by disruptions from the Iran war. The Port of Corpus Christi handled about half of these exports, marking its busiest quarter ever. Iranian oil tankers faced…
Substrate placeholder — needs reviewAround 130 million barrels of crude oil are currently stored on tankers in the Gulf. Tanker owners face decisions on whether to send vessels back through the Strait of Hormuz. The situation raises questions about oil shipping routes and supply chains.