Industry Odisha Bureau, May 1: The latest data of analysts has reportedly revealed that the US-imposed Naval blockade since April 13 this year at the Iran-controlled Strait of Hormuz (critical chokepoint of global trade transit point and shipping route) has resulted in a heavy loss to the revenue being earned earlier by Iran from crude oil exports.
Citing latest shipping data, the analysts claim that the US Naval blockade of Iranian ports have taken a heavy toll on the Islamic Republic’s prime crude oil exports, because Iranian oil tankers and container ships are being repotedly intercepted by the US Naval forces deployed there.
If the account of oil analytics firm Vortexa is taken into consideration, it claimed: “Just a handful of carriers carrying Iranian crude have left the Gulf of Oman between April 13 and 25”.
According data reportedly released by the leading global financial markets infrastructure and data provider London Stock Exchange Group (LSEG), “There’s a drop of over 80 per cent from a comparable period in March when Iran exported 23.4 million barrels of crude oil.”
The stance taken by the US Naval blockade has reportedly stranded a massive stockpile of crude oil tankers, while the Iranian storage sites have also reportedly gone chock-a-block.
China, being claimed to be the main customer/importer of Iranian crude oil exports, is also reportedly in distress.
Even the cargo ships/crude oil tankers/containers switching to alternative shipping routes are also being reportedly intercepted and targeted by the US Naval forces during the blockade.
A glaring instance is the reported interception and seizure of Iranian-flagged cargo ship named Touska recently during the ongoing US Naval blockade, while the seized ship was claimed to be sailing to a Chinese port with crude oil. This development was highlighted by US President Donald Trump himself highlighted it on his official social media X handle christened Truth Social.
Read More: Unresolved Hormuz Hurdle & US Blockade Spike Further Crude Oil Prices
