economy
Oil tankers with 35 million barrels stuck in Persian Gulf exited Strait of Hormuz since Iran deal
The jump in oil exports comes as the threat level for ships crossing Hormuz has been downgraded to "moderate."
TL;DR
- 20 oil tankers carrying 35 million barrels have exited the Strait of Hormuz since the U.S.-Iran deal.
- The tankers were not Iranian and had been stranded for over three months.
- Shipments are expected to reach mostly Asian destinations by early August.
- Confirmed oil shipments through Hormuz have risen to 4.8 million barrels per day.
- Iranian oil tankers carrying 21 million barrels also exited Hormuz in June.
- The U.S. Navy lifted its blockade on June 18, and sanctions on Iran's oil sales were waived through August.
- The threat level for ships crossing Hormuz has been downgraded to "moderate" by the Joint Maritime Information Center.
- The International Maritime Organization will implement an evacuation plan for seafarers in the Persian Gulf, backed by several countries.