Categories: Business

24 million barrels a day: Gulf oil flows surge past prewar levels despite US-Iran war

Amidst ongoing threats to shipping, Persian Gulf oil exports have rebounded beyond prewar figures. Tankers are cleverly rerouting and seeking US naval protection to safeguard crude supplies. Nevertheless, traffic through the Strait of Hormuz has diminished, contributing to increased transportation costs. This complex scenario has led to surging oil prices and a volatile market landscape.

The News Vista

Share
Published by
The News Vista

Recent Posts

‘Get your facts straight’: BJP accuses Rahul Gandhi of hypocrisy over RSS remarks on women’s rights

Bharatiya Janata Party officials criticized Congress leader Rahul Gandhi for his recent statements about the…

1 hour ago

‘Bhuvi will love these conditions’: Why NZ fear India’s returning ‘Swing King’

New Zealand's captain, Mitchell Santner, recognises Bhuvneshwar Kumar as a significant threat for the team.…

1 hour ago

Man repeatedly sent unsuitable matrimony profiles; commission orders Rs 37,000 relief

A consumer commission in Kerala has criticized a matrimonial agency for not fulfilling its service…

1 hour ago

Chance the Rapper’s charity backed Chicago youth therapy with $100,000 grant

Chance the Rapper's philanthropic venture, SocialWorks, has dedicated itself to bolstering mental health support for…

2 hours ago