Four Supertankers Resume Departures From Strait of Hormuz With 2M Barrels Daily Since May 10

According to Bloomberg-compiled vessel tracking data, four supertankers carrying approximately 2 million barrels of Iraqi crude each have departed the Strait of Hormuz since May 10, signaling a recovery in flows of unsanctioned oil.

The shipments represent a transportation rate of roughly 2 million barrels per day, providing limited relief to global oil markets amid the largest supply disruption on record.

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