Iran oil shipments plunge as Hormuz blockade tightens, data shows

NEWS SUMMARY

Iranian oil shipments have significantly decreased following the implementation of a blockade on the Strait of Hormuz, disrupting exports. Data indicates that if restrictions continue, Iran's crude production could fall by over half by mid-May.

Full BriefGenerated 0m ago

The Wall Street Journal, citing data from Kpler, reported that Iranian oil shipments have fallen sharply as the blockade of the Strait of Hormuz disrupts exports. Loadings dropped significantly after the blockade took effect, with few tankers able to leave the region.

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