Financial Ports

Hormuz Standoff: Iran’s Conditions to Reopen 20% of Global Oil Flow

CLAVE 1 / 4Iran labels new U.S. sanctions "economic terrorism" and urges nations to reject them under international law.

CLAVE 2 / 4The Strait of Hormuz, which carried 20% of global oil supplies, now sees only 5-15% of normal vessel traffic.

CLAVE 3 / 4Seven commodity vessels transited the strait on Thursday—down from 17 the previous day and below the 10-day average of 15.

CLAVE 4 / 4Qatar and Pakistan brokered a ceasefire in June, but disagreements over the strait’s reopening reignited tensions.

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