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Oil market flooded with supply as Strait of Hormuz reopens after months-long closure
The Strait of Hormuz reopened after a nearly four-month closure, potentially releasing 93 million barrels of stranded crude into global oil markets.
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cnbc.com
Oil tankers with 35 million barrels exited Persian Gulf through Strait of Hormuz since Iran deal
The jump in oil exports comes as the threat level for ships crossing Hormuz has been downgraded to "moderate."
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cryptobriefing.com
Oil market flooded with supply as Strait of Hormuz reopens after months-long closure
The Strait of Hormuz reopened after a nearly four-month closure, potentially releasing 93 million barrels of stranded crude into global oil markets.
