The US blockade of Iranian ports is unlikely to significantly reduce Iran's oil exports in the medium term. Despite the measures, dozens of tankers linked to Iran have successfully bypassed the blockade by disabling their Automatic Identification Systems (AIS). While there has been a slight decrease in daily tanker movements, the volume of oil in transit remains substantial, with 130 million barrels passing through the area since the blockade began. Meanwhile, global oil prices for Brent and WTI have surged as geopolitical tensions escalate and negotiations remain at a standstill.
Iran: 130 million barrels bypass US blockade, but oil prices approach wartime highs
Friday, 24 April 2026RSS
Context & Explainers
Inflation measures how much general prices rise over time, usually reported year‑on‑year to compare a month with the same month a year earlier. Portugal’s National Institute of Statistics (INE) estimated January inflation at 1.9% year‑on‑year, down 0.3 percentage points from December, which affects rents, wages and everyday purchasing power for residents.
