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First Iranian Oil Moves Past U.S. Blockade Ahead of Deal Signing
Iran’s first observed crude oil exports in two months have moved past the U.S. blockade outside the Strait of Hormuz in a sign that Iran is wasting no time to take advantage of the tentative deal with the United States.
Summary
Iran’s first observed crude oil exports in two months have moved past the U.S. blockade outside the Strait of Hormuz in a sign that Iran is wasting no time to take advantage of the tentative deal with the United States. Following the announcement of the deal this weekend, and ahead of a formal signing ceremony expected in Switzerland on Friday, at least three Iranian crude oil tankers have exited the Strait of Hormuz and departed from the region moving past the U.S.
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