“Iran oil shipments plunge as Hormuz blockade tightens, data shows The Wall Street Journal, citing data from Kpler, reported that Iranian oil shipments have fallen sharply as the blockade of the Strait of Hormuz disrupts exports. Loadings dropped significantly after the blockade took effect, with few tankers able to leave the region. Analysts say Iran’s crude production could fall by more than half by mid-May if restrictions persist, potentially dropping to around 1.2 to 1.3 million barrels per day. Iranians are seen at Suru Beach in Bandar Abbas along the Strait of Hormuz on 24 April 2026. RAZIEH POUDAT / ISNA / AFP
Original story
Continue reading at Middle East Eye
www.middleeasteye.net
Summary generated from the RSS feed of Middle East Eye. All article rights belong to the original publisher. Click through to read the full piece on www.middleeasteye.net.