Iran oil shipments plunge as Hormuz blockade tightens, data shows

Iranian oil exports collapse as Strait of Hormuz blockade chokes off tanker traffic, data shows | Contesto: cronaca

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• Iran oil shipments plunge as Hormuz blockade tightens, data shows

Contesto

Iranian oil shipments have plunged sharply in recent days as the blockade of the Strait of Hormuz tightens, with satellite tracking data revealing that few tankers have been able to leave the region since the restrictions took effect, according to a report by The Wall Street Journal citing data from the analytics firm Kpler. The dramatic drop in loadings marks the most severe disruption to Iran’s crude exports since the imposition of international sanctions, raising fears of a deepening economic crisis in the Islamic Republic. The blockade, which began earlier this month, has effectively sealed off the narrow waterway through which about a fifth of the world’s oil passes. Kpler’s vessel-tracking data shows that Iranian crude loadings fell off a cliff immediately after the blockade was implemented, with only a handful of tankers managing to navigate the chokepoint. The Strait of Hormuz, a 21-mile-wide passage between Iran and Oman, is the only maritime route for Iranian oil exports to reach global markets. Analysts warn that if the blockade persists, Iran’s crude production could collapse by more than half by mid-May, dropping to an estimated 1.2 million to 1.3 million barrels per day. That would represent a catastrophic blow to an economy already struggling under the weight of international sanctions and decades of underinvestment in its energy infrastructure. Iran’s oil sector, which accounts for a significant share of government revenue, has been a primary target of pressure campaigns by the United States and its allies. The timing of the blockade is particularly damaging for Tehran, which had been gradually increasing exports in recent years through a network of shadow tankers and ship-to-ship transfers designed to evade sanctions. The current disruption appears to have caught Iranian traders off guard, leaving dozens of vessels stranded at anchorages near Bandar Abbas, the country’s main oil terminal. Photographs from Suru Beach in Bandar Abbas, taken on April 24, show ordinary Iranians gathered along the shore, a stark reminder of the human cost of the standoff. The implications of the blockade extend far beyond Iran’s borders. With global oil markets...

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Categoria: cronaca