The International Energy Agency announced that tensions in the Strait of Hormuz and the Bab el-Mandeb have brought the world’s oil supply shortfall up to 1.8 million barrels per day. At the same time, reports from oil tanker tracking companies say that Iran’s oil exports have dropped to about 500,000 barrels per day in the current month.

An assessment by Arash Azarmi, editor of the economic section of Iran International, of the situation of tanker passage and Iran’s oil exports