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  • 8 months ago
Iran has shipped ~12 million barrels of crude to China through the Strait of Hormuz since the war began February 28th, despite widespread shipping disruptions. Many vessels have disabled tracking systems following attacks that killed at least seven seafarers, as Trump urged stranded ships to transit freely.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Iran has continued exporting crude oil to China through the Strait of Hormuz,
00:06even as the U.S.-Israel war with Iran disrupts shipping in the region, according to CNBC.
00:12Tankertrackers.com said at least 11.7 million barrels have moved through the strait since the
00:17war began on February 28, while Kler estimates around 12 million barrels.
00:22Shipping traffic has slowed after attacks on vessels near the waterway killed at least
00:27seven seafarers, prompting many ships to disable tracking systems.
00:31As oil prices rose on supply disruption fears, Trump urged ships stranded near the Strait
00:36of Hormuz to move through the Channel, saying there was nothing to fear because Iran no longer
00:41had a navy.
00:42For all things money, visit Benzinga.com.

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