Oil flows through Strait of Hormuz nearly triple as US-Iran MoU expires without peace deal
Oil shipments through the Strait of Hormuz rose sharply during a 60-day memorandum of understanding between the United States and Iran, but the agreement has now expired without a peace deal. Trade intelligence data shows that about 374 million barrels of oil left the Gulf during the period, equal to roughly 6.1 million barrels a day. The increase came as the waterway remained under pressure from attacks on commercial shipping.The analysis says flows through the chokepoint nearly tripled compared with the period before the agreement was signed on 17 June, when exports averaged 2.3 million barrels a day. Even so,... [Continue Reading]
360LiveNews | 20 Aug 2026 09:30 LONDON
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