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Nine tankers have moved crude through the Strait of Hormuz with transponders disabled. The volume exceeds pre-restriction levels by 100,000 barrels per day.
The World Bank projects global commodity prices will reach their highest levels since 2022 due to supply disruptions from the ongoing war in Iran. Oil prices have climbed amid shipping restrictions in the Strait of Hormuz, while gold prices have declined. Market volatility persis…
riotimesonline.comOman's foreign minister urged diplomatic efforts to secure navigation in the Strait of Hormuz following restrictions linked to the U.S.-Israel-Iran conflict. Iranian oil exports continued despite a U.S. blockade, according to reports. Regional discussions aimed at de-escalation w…
ecns.cnIran's military announced that Iraq is exempt from shipping restrictions in the Strait of Hormuz, potentially allowing up to 3 million barrels a day of Iraqi oil exports. An Iraqi official noted that the exemption's effectiveness depends on shipping companies' willingness to navi…