Iran is still loading and exporting oil despite the US blockade, IRIB News reports
Context
This development indicates that Iran continues to defy U.S. sanctions, maintaining its oil exports. This could lead to increased supply in the market and may pressure prices down, particularly for WTI, while also raising concerns about potential retaliatory measures from the U.S. or escalated geopolitical tensions in the region.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#GEOPOLITICAL#ENERGY#EU SESSION#WTI#COMMODITIES