Strait of Hormuz Set to Reopen Friday as 60 Empty Supertankers Gather in Oman Gulf, Iran Exports 5M Barrels

According to futures market tracking, the Strait of Hormuz is expected to reopen on Friday (June 19), with 60 empty supertankers currently gathered in the Oman Gulf—nearly double the amount seen at the beginning of June. Three Iranian oil tankers have exported approximately 5 million barrels of crude oil in the past two months, marking the first breakthrough of the U.S. blockade in this period.
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