Iran has shipped around 9mln barrels of crude from floating storages in the Gulf of Oman since the start of the US blockade, Iran International reports citing tanker trackers

Context

This report indicates that Iran's export of 9 million barrels of crude from floating storage reflects its ongoing attempts to sustain oil flows despite the US blockade. This increase in available supply might have implications for global oil prices, potentially easing upward pressure on WTI and Brent, and impacting USD and other currencies tied to oil revenues. Traders should watch for market reactions around this development, especially in energy and FX markets.

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