Blockade Succeeds Where Sanctions Failed as Iran Oil Exports Stall
No Iranian crude cargoes have reached China through the strait since July 14, and floating storage rose to 41.7 million barrels by Aug. 26, Vortexa said.
- For the first time on record, Iran has gone about seven weeks without shipping meaningful crude exports through the Strait of Hormuz, as a U.S. naval blockade succeeds in cutting off one of Tehran's main foreign-currency sources.
- Since the U.S. reinstated its blockade on July 14, no Iranian crude cargoes have successfully transited the Strait of Hormuz to China, according to data from Kpler, Vortexa, and TankerTrackers.
- Iran currently has 29 tankers inside the strait carrying 36.11 million barrels of crude, while exports fell to about 220,000 to 255,000 barrels per day in August, down from roughly 740,000 barrels per day in July.
- The International Monetary Fund estimates Iran's inflation rate at nearly 70% this year, the world's third-highest, while the export collapse drains foreign-currency income and forces Tehran to rely on dwindling floating storage in Asia.
- Beyond the blockade, 51 shadow-fleet tankers remain in the Gulf of Oman with another 81 active in Asia, though TankerTrackers co-founder Samir Madani said China can only grab "whatever's floating around in their neck of the woods, but that's about it for now, really.
13 Articles
13 Articles
Tehran will give the US a military response in the event that they intensify Iran's naval blockade, announced on Tuesday the Speaker of the Iranian Parliament, Mohammad Bagher Galibaf. "If they intensify the blockade, we will respond exactly through military action," he said in the video message that the Mehr agency provides.
(Cairo=Yonhap News) Correspondent Kim Sang-hoon = Mohammad Bagher Ghalibaf, Speaker of the Parliament and head of Iran's peace negotiation team, [addressed] sanctions and blockades by the West, including the United States...
Blockade succeeds where sanctions failed as Iran oil exports stall
US-Israel-Iran War Latest Live News: US CENTCOM Says 84 Vessels Redirected During Naval Blockade as US Targets IRGC With New Sanctions
US-Iran tensions rise as CENTCOM reports 84 redirected vessels and Washington prepares new sanctions targeting Iran’s IRGC-linked networks. The post US-Israel-Iran War Latest Live News: US CENTCOM Says 84 Vessels Redirected During Naval Blockade as US Targets IRGC With New Sanctions appeared first on The Sunday Guardian.
For the first time in history, Iran has not sent significant crude oil exports through the Strait of Ormuz for about seven weeks now, as the United States Navy... 01.09.2026, PRIM
U.S. Central Command: We've changed the course of 84 merchant ships, disabled 3 and searched 2 since the resumption of the naval blockade on Iran...
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