Iran’s oil exports haven’t collapsed since the war in the Middle East began—Tehran continues to ship its oil through the Strait of Hormuz while targeting and warning tankers carrying crude from its Gulf neighbors that their ships would be blown up if they attempt to cross the Strait. Since March 1, the day after the […]
Oil prices retreated from last week’s multi-year highs on Monday as a small number of tankers successfully sailed through the Strait of Hormuz for the first time since the war began, offering traders a first tentative signal that the waterway could partially reopen, though analysts warned that a sustained price retreat remained unlikely without a broader military resolution.