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economicJun 10, 2026
Reason crude isn't crossing $200? How Iran, Gulf states are bypassing Hormuz blockade to transport oil
Summary
Reason crude isn't crossing $200? How Iran, Gulf states are bypassing Hormuz blockade to transport oil
Actors involved
Iran
Sources
- currentsapi(Mixed)By TOI Business Desk
Oil prices have surged since Iran’s closure of the Strait of Hormuz and the subsequent US naval blockade of Iranian ports, yet crude has stopped well short of the $200-a-barrel levels many analysts once feared. According to maritime intelligence firm TankerTrackers, one key reaso…
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