⚡️🇮🇷🇺🇸– Oil flows via the Strait of Hormuz have recovered to 80% of pre-war levels despite Iran’s blockade and shipping threats. The new system is costly: tanker rates exceed $1.2 million/day, and freight costs have risen from 3% to 27% of delivered oil prices, keeping Brent above $100
—Reuters
@WarAxis
—Reuters
@WarAxis