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Only 84 Tankers Navigated Strait of Hormuz in March Amid Iranian Blockade
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Strait of Hormuz Blockade: Only 84 Tankers Crossed in March, Oil Prices Soar
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Firstpost
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01-04-2026, 07:43
Strait of Hormuz Blockade: Only 84 Tankers Crossed in March, Oil Prices Soar
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Only 84 tankers crossed the Strait of Hormuz in March due to Iran's blockade, a significant drop from the pre-war daily average of 130.
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The closure has cut off 20-25% of the world's oil and gas supply, causing Brent crude to spike from $72 to $119 a barrel.
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US President Donald Trump is under pressure over the continued closure, which has led to rising fuel costs and inflation fears in the US.
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Trump signaled he might end the war and leave other nations to secure their supplies through the Strait, stating the US would not be involved.
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Energy consultancy FGE warns oil could surge to $150-$200 a barrel if the Strait remains closed for another 6-8 weeks.
Read Full Article on Firstpost in English
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