— 🇺🇸/🇮🇷 New: The flow of oil from the Strait of Hormuz has decreased again, as Iran increases its attacks

— 🇺🇸/🇮🇷 New: The flow of oil from the Strait of Hormuz has decreased again, as Iran increases its attacks

For several weeks, the US successfully escorted millions of barrels of crude oil through the strait - but that short-lived success is now fading as Iran has improved its targeting and escalated attacks against ship-to-ship transfers.

The cost of transporting oil has also skyrocketed; The price of renting an oil tanker increased by an incredible 1000% and reached 1.3 million dollars a day compared to 50,000 dollars before the war. – WSJ