Oil Flows Tripled Before US-Iran MoU Expiry

Oil exports through the Strait of Hormuz reached 6.1 million barrels per day during the 60-day MoU window, nearly tripling from the 2.3 million bpd average recorded before June 17.

The MoU expired on Monday without a peace deal, as Brent crude futures rose 0.3 percent to $91.93 per barrel on Thursday amid ongoing security concerns in the region.

At least 18 seafarers have been killed in commercial shipping attacks since the conflict began in late February, including one crew member on the Minoan Dignity this past Tuesday.