Energy & Petrochemicals #crude oil#iran
How Iran and Gulf States Bypass Hormuz Blockade to Stabilize Oil Prices
Despite the closure of the Strait of Hormuz and a US naval blockade, crude oil prices have not reached the feared $200 per barrel. This stability is due to covert shipping networks and alternative trade routes developed by Iran and its Arab neighbors, ensuring continued oil flow.
Jun 10, 2026 1 source