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00:02Iranian oil loadings fell to 248,000 barrels a day in August,
00:07from 1.85 million barrels a day in March and April,
00:11as a renewed U.S. blockade tightened pressure on Tehran, according to Kapler.
00:16Non-Iranian crude shipments from the Persian Gulf rose from as little as 300,000 barrels a day
00:21to 5.2 million barrels a day in the week starting August 3rd.
00:25Kapler said the renewed U.S.
00:27Blockade is making the status quo increasingly costly for Tehran, including pipeline flows.
00:33Regional producers are moving roughly 9 million million barrels a day,
00:37about 65% of pre-war levels, while Iran remains constrained.
00:42Inventories at Karg Island fell by 700,000 barrels this month,
00:46indicating Iran is shutting in production.
00:49Tehran still holds more than 80 million barrels of oil afloat outside the blockade zone,
00:53though most is committed to buyers.
00:55Petrochemical exports have fallen 63% since early 2026.
01:00Brent crude traded near $88.04 Wednesday,
01:03while West Texas Intermediate fell to $83.12.
01:07For all things money, visit Benzinga.com.
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