Wonder why Iran isn't moving oil?
Little to no crude oil has recently left Kharg Island, with exports from the hub dropping to near zero or halting entirely.
Current Export StatusVolume:
Iranian crude oil exports from Kharg Island have ground to a halt or fallen to zero.
Cause:
A renewed U.S. naval blockade and economic measures have left loading berths and terminals at the island largely idle with no active tanker departures.
Significance:
Kharg Island handles roughly 90% of Iran's crude oil export capacity, meaning the halt severely restricts Tehran's primary petroleum revenue stream