Financial Ports

20m Barrels Flow as US Calls Iran’s Hormuz Blockade a Bluff

CLAVE 1 / 420 million barrels of oil moved through the Strait of Hormuz on Wednesday, according to US Central Command.

CLAVE 2 / 4Iran’s Revolutionary Guard claimed illegal routes were shut down, but the US called the blockade a ‘false’ statement.

CLAVE 3 / 4Brent crude fell 1.86% to $103.32 a barrel on Tuesday amid signs of easing pressure.

CLAVE 4 / 4The conflict, which began with US and Israeli strikes on 28 February, has disrupted 77% of prewar oil flows.

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