Commodities
Tightening Oil Flows: Iranian Crude Exports Plummet Amid Naval Blockade
The global oil market is experiencing a significant tightening of Iranian oil flows due to naval blockades and active hostilities in the region.
According to data, Iranian crude oil on water reached approximately 180 million barrels before the blockade, but current-period loading has plummeted to an unverified 0.2 million barrels per day.
The US Central Command's naval blockade, instituted in April 2026, has choked off regular shipping from Iranian ports, leading to a significant contraction of Iranian oil flows.
Brent crude prices have climbed above the $100 threshold, settling at $101.21, following escalation near the Strait of Hormuz.