Iran has dispatched eleven million barrels of crude oil via tankers. This action occurs as tensions with the United States escalate significantly. President Donald Trump has threatened to reimpose a blockade on Iranian ports. The US military conducted strikes on Iran for a second consecutive day. This renewed instability has caused oil prices to surge this week.

Oil prices rose on Wednesday after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.

Despite renewed U.S.-Iran military exchanges, some tankers continue transiting the Strait of Hormuz while others delay or reverse course as security risks intensify.