Iran’s Oil Exports Through Hormuz Hit Wartime High

AI Summary

Iran has increased its oil exports through the Strait of Hormuz to wartime levels following the lifting of the US naval blockade. Despite Western shippers' caution, Iran is accelerating shipments of crude that were previously held back due to the blockade.

Iran isn’t wasting any time moving its oil out of the Gulf via the Strait of Hormuz after the U.S. lifted the naval blockade outside the chokepoint and the U.S. and Iran discuss a framework on a lasting peace deal. While Western shippers and insurers remain wary of the conflicting signals about how open the Strait of Hormuz really is, Iran is rushing to evacuate barrels it wasn’t able to push past the U.S. blockade over the past two months. At least three supertankers, carrying a total of 6 million barrels of Iranian crude, moved to…