Iran's blocking of the Strait of Hormuz shut in around 20 million barrels per day initially, but Saudi Arabia has shifted some exports to the Red Sea, and some tankers have resumed transits.
Why Diesel Is Outpacing Crude Oil In The Global Price Surge
Iran's blocking of the Strait of Hormuz shut in around 20 million barrels per day initially, but Saudi Arabia has shifted some exports to the Red Sea, and some tankers have resumed transits.
Published: 21 September 2026
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