Return of Gulf oil: Has Iran lost grip on Hormuz & what does it mean for India?
The US war with Iran exposed Tehran’s ability to disrupt the global economy by blocking the Strait of Hormuz. Before the war, around 19 million barrels of crude oil were exported daily from the Middle East. However, September data from tanker-tracking firm Kpler showed oil flows recovering to an average of 16 million barrels per day,...
Key Takeaways
- The US war with Iran exposed Tehran’s ability to disrupt the global economy by blocking the Strait of Hormuz.
- Before the war, around 19 million barrels of crude oil were exported daily from the Middle East.
- However, September data from tanker-tracking firm Kpler showed oil flows recovering to an average of 16 million barrels per day, the highest since the conflict began.
The US war with Iran exposed Tehran’s ability to disrupt the global economy by blocking the Strait of Hormuz. Before the war, around 19 million barrels of crude oil were exported daily from the Middle East. However, September data from tanker-tracking firm Kpler showed oil flows recovering to an average of 16 million barrels per day, the highest since the conflict began.
Original Publisher Attribution
This summary was curated from Times of India.