Crude comeback: 20 million barrels leave Iran port after peace breakthrough

Crude comeback: 20 million barrels leave Iran port after peace breakthrough

Iran's oil exports have surged following a peace deal with Washington, with 11 tankers carrying 20 million barrels departing the Gulf of Oman. This increase coincides with new maritime regulations for the Strait of Hormuz. However, the delay of permanent peace talks due to regional clashes casts a shadow on the long-term outlook, with lighter traffic observed on Friday.

By TOI WORLD DESK