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Lost Gulf oil exports far smaller than thought, traders and shippers say
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- Lost Gulf oil exports far smaller than thought, traders and shippers say By Alex Lawler and Dmitry Zhdannikov Fri, June 12, 2026 at 10:43 PM GMT+7 4 min read CL=F By Alex Lawler and Dmitry Zhdannikov
- LONDON, June 12 (Reuters) - 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.
- Initial calculations were simple: add up all non-Iranian Gulf crude oil exports, some 12 million to 15 million barrels a day, and you easily have the biggest crisis in history.
Lost Gulf oil exports far smaller than thought, traders and shippers say By Alex Lawler and Dmitry Zhdannikov Fri, June 12, 2026 at 10:43 PM GMT+7 4 min read CL=F By Alex Lawler and Dmitry Zhdannikov
LONDON, June 12 (Reuters) - 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.
Initial calculations were simple: add up all non-Iranian Gulf crude oil exports, some 12 million to 15 million barrels a day, and you easily have the biggest crisis in history.
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