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Iran Ships 60 Million Barrels of Crude Oil Amid US Naval Blockade Pause

Dubai: Iran has shipped approximately 60 million barrels of crude oil since the US naval blockade was paused in mid-June, according to tanker monitoring service TankerTrackers. The movement of this volume occurred during a period when restrictions on Iran's oil flows were temporarily eased.

According to Anadolu Agency, TankerTrackers shared on the US social media platform X that Iran was able to export this significant amount of crude oil in the brief window of opportunity. The monitoring service also noted that should the blockade resume amid rising regional tensions, Iran would be left with an estimated 50 million barrels of crude oil and refined products.

These developments highlight the scale of Iran's oil exports during this period of eased maritime pressure in the Gulf, while also emphasizing the potential risks to Tehran's energy trade if the security situation deteriorates further. Traders and shipping markets have been closely observing Iran's oil shipments, as any renewed disruptions could tighten regional supply flows and contribute to volatility in global crude prices.

The latest assessment comes amid renewed strain in the Middle East following recent US strikes on Iran and Washington's decision to revoke a waiver that had permitted Iranian oil sales on global markets. These developments have intensified concerns over possible further disruptions in and around the Strait of Hormuz, a critical passageway for global oil and gas shipments.

The tensions have had a significant impact on oil prices. Brent crude rose approximately 6.5% to about $79 per barrel on Wednesday, marking a weekly gain of more than 7%. Market participants continue to monitor tanker movements through the Strait of Hormuz, as any renewed blockade or military escalation could discourage shipowners, disrupt exports from the region, and exert upward pressure on energy prices.

Tankers transporting crude, refined products, and liquefied gas have been subject to increased scrutiny since the conflict intensified, with shipping risks and insurance costs remaining key concerns for stakeholders.