Latest news with #TankerTrackers
See - Sada Elbalad
12 hours ago
- Business
- See - Sada Elbalad
Iran's Oil Exports Surge 44% following Israeli Attack
Taarek Refaat Iran's oil exports have surged by 44%, averaging 2.3 million barrels per day compared to prior levels since the Israeli airstrike on June 13, according to data from shipping tracker Tanker Trackers. Investor anxiety over potential disruptions to Iran's oil infrastructure has triggered a sharp rise in oil price volatility. The premium on Brent crude call options versus put options has widened to its highest point in over a decade—exceeding even the spikes seen after Russia's 2022 invasion of Ukraine. This reflects heightened fears of further targeting of oil exports and the risk of U.S. military involvement in the escalating Israeli-Iranian tensions. Iran, OPEC's third-largest oil producer, typically pumps about 3.3 million barrels daily. Despite recent price jumps of over 4% in the previous session, oil prices stabilized Wednesday with Brent crude futures edging up 0.2% to $76.61 a barrel and WTI crude futures rising similarly to $75.01. Markets remain cautious as geopolitical risks continue to cloud the outlook for global oil supply. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
Bloomberg
21 hours ago
- Business
- Bloomberg
Iran's Oil Exports Soar as Israel Attack Prompts Cargo Clearout
Iran's oil exports have jumped since the nation came under attack from Israel on Friday, according to a firm that specializes in monitoring clandestine shipping. The Islamic Republic exported an average of 2.33 million barrels a day since June 13, according to data from That's an increase off 44% compared with the year through June 12. The lion's share of that oil comes from Kharg Island, home to a cluster of storage tanks that are critical infrastructure for Iran.
