CLAVE 1 / 410 million barrels per day now transit the Strait of Hormuz despite Iran’s attacks, restoring 80% of pre-conflict Mideast crude exports.
CLAVE 2 / 4$100 million is the current market price for a 15-year-old Suezmax tanker, four times its 2021 value.
CLAVE 3 / 4Sanctions relief hinges on S&P transactions: shadow-fleet owners must sell vessels to new buyers for legitimate trade.
CLAVE 4 / 4Freight costs on the West Africa–China route could drop $15–$20 per barrel if the plan succeeds.
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