Lost Gulf Oil Exports Far Smaller Than Thought, Traders and Shippers Say
Low Severity
Global
Date OccurredJun 12, 202618:43 UTC
Event TypeMaritime & Logistics
SourcegCaptain
RecordedJun 12, 2026
Full Description
Since the start of the Iran war and Tehran's announcement that the Strait of Hormuz was "closed," the market has grappled to put a figure on lost crude supply and to predict the price of oil.