Iran Oil Tankers Bypass US Blockade

Iranian Oil Tankers Bypass U.S. Blockade, Move 11 Million Barrels

• Iranian oil tankers have transported 11 million barrels through the Sea of Oman, bypassing a U.S. naval blockade.
• The Strait of Hormuz traffic normalization market for April 30 sits at 6% YES, down from 10% the previous week.
• The May 31 market shows higher confidence with an 81.5% YES prediction for traffic normalization.
• Trading volume over the last 24 hours is $14,188 in USDC, with significant price sensitivity due to thin order book depth.

Iranian tankers successfully circumvented a U.S. blockade, moving substantial oil quantities and highlighting enforcement challenges. The April market reflects skepticism about swift resolution in the Strait of Hormuz traffic situation.