More than 10 million barrels of Iranian crude oil were shipped out of the Persian Gulf despite a U.S. naval blockade, as reported by analytics firm Vortexa. The outflows signal potential gaps in enforcement or use of alternative shipping routes, which could undermine efforts to constrain Iranian supply and support global oil market tightness. This development may pressure Brent and Dubai crude spreads, with refined product differentials and tanker freight rates in the Gulf particularly exposed to shifts in export volumes. The persistence of Iranian outflows challenges the perceived supply shock from the blockade, affecting risk premia in Middle Eastern crude contracts. Traders will watch the next weekly Vortexa flow data and U.S. Treasury sanctions enforcement updates for signs of tightening or further leakage.
OVER 10M BARRELS OF IRANIAN OIL EXIT GULF DESPITE BLOCKADE More than 10 million barrels of Iranian crude left the Persian Gulf after the U.S. imposed a naval blockade, according to analytics firm Vortexa.
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