Daily Oil Transit Through Hormuz
Reports indicated that Iran has allowed Iraqi oil tankers to pass through the Strait of Hormuz following appeals from Baghdad. This has enabled the passage of about 40 tankers daily, transporting approximately 16 million barrels of oil through the strait. Additionally, the number of ships transiting the strait increased by 27% over the past week. The United States confirmed that it has contributed to rerouting 86 commercial ships since early August, resulting in more than 660 million barrels of oil having crossed since May, thanks to multiple maritime routes available.
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