Energy

How 'Dark' Tankers In Strait Of Hormuz Are Keeping Oil Prices In Check - NDTV

Source: NDTV

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DW NOTE

The Strait has been effectively closed for five months, with only 1 ship transiting on August 16 versus the normal 73 per day and 2,000 vessels stranded. If dark tankers were keeping prices in check, Brent wouldn't be trading 20% below its one-year high during a confirmed 4.3 million barrel-per-day supply shortfall. The real story is demand destruction, not smuggling ingenuity.

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The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des

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