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US Says Allowing Iranian Ships Across Hormuz to Maintain Global Oil Supply

The conflict in the West Asia has triggered an unprecedented disruption in global energy flows but Iran continues to export oil. Despite heavy attacks and near-paralysis of shipping through the Strait of Hormuz, Tehran has managed to move millions of barrels of crude, largely to China. Washington says that they are allowing Iranian ships across Hormuz to maintain global oik flow. The Strait of Hormuz, which normally carries nearly 20% of the world’s oil supply, has seen tanker traffic collapse dramatically amid escalating conflict and repeated attacks on vessels.