Iran Grants Selective Ship Passage in Strait of Hormuz as Global Oil Prices Surpass 100 Dollars

Iran has established a selective maritime corridor in the Strait of Hormuz to permit passage for friendly nations while maintaining a blockade against the US and its allies.Global oil prices surpassed 100 dollars per barrel as shipping volume dropped from 100 daily vessels to fewer than 90 total since the conflict began in February.Tehran continues exporting millions of barrels to China while firms such as Windward monitor the Larak-Qeshm Channel for movements that bypass international sanctions.
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