fredrain
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JUST IN: Strait of Hormuz weekly traffic reaches highest level since the special military operation began.









This has got to be real painful to a few in West ... ‼️🇮🇷🛢 Iran's oil sales revenue has sharply increased, and it remains the only exporter through the Strait of Hormuz, — Bloomberg ▪️Iran's exports in March remained close to pre-war levels — about 1.6 million barrels per day. ▪️Tankers with Iranian oil continue to be loaded at the Kharg terminal and exit the Persian Gulf through the Strait of Hormuz. ▪️At the same time, oil prices have risen, and the discount on Iranian oil relative to the international benchmark Brent has dropped to $2.10 per barrel — this is the lowest level in almost a year. ▪️Iran has likely earned hundreds of millions of dollars in additional revenue from oil sales since the beginning of the war.













