Iran Crude Exports Surge Amid Strait of Hormuz Tensions. Despite escalating military conflict and threats to shipping in the Strait of Hormuz, Iran has successfully exported at least 11.7 million barrels of crude oil since late February, with nearly all shipments destined for China. TankerTrackers reports that many vessels have disabled their tracking systems to avoid detection after Tehran threatened attacks on passing ships. The critical waterway, which handles roughly one-fifth of global oil and gas supplies, has seen dramatic traffic reductions as shipping companies reroute around the conflict zone. Iran has also resumed operations at the Jask terminal along the Gulf of Oman to expand export capacity.
