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The Middle East
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The Iranian war has caused the loss of 10 million barrels of oil a day and the price of a barrel has surpassed the $100 barrier again this morning

According to the latest report by the International Energy Agency (IEA), the interruption of maritime traffic in the Strait of Hormuz has resulted in a loss of the equivalent of 10 million barrels a day in the markets. The flow of the Strait of Hormuz has been reduced to less than 10% compared to those before the crisis. Indeed, before the crisis, 15 million barrels of crude oil were spent a day, and another 5 million barrels of crude oil from the world's total supply.

Khasab (Oman), 24/06/2025.- Ships in the Strait of Hormuz as seen from Khasab, Musandam Governorate, Oman, 24 June 2025. The Iranian parliament approved a measure to close the Strait of Hormuz following US strikes on three of Iran's key nuclear sites on 22 June 2025. Israel and Iran have been exchanging fire since Israel launched strikes across Iran on 13 June 2025. EFE/EPA/ALI HAIDER
A boat on the Ormuz Pass. EFE stock photo.

The new attacks on ships in the Persian Gulf and the Strait of Hormuz, including two oil tankers in Iraqi waters, have conditioned the start of the thirteenth day of the Iranian war, raising the price of the brenta above $100 a barrel in the early morning, although it has since fallen again.

This war between the United States and Israel against Iran on 28 February has already lasted longer than the Twelve Day war in June 2025 and is wreaking havoc throughout the Middle East. En spite of the emergency measures taken by the International Agency for Energy (IEA), threats to an energy crisis become louder as days pass.  

According to the agency's latest report, the suspension of maritime trafficin the Strait of Hormuz has resulted in a daily loss of the equivalent of 10 million barrels (8 of crude oil and 2 of petroleum products) on the market.

(We're working to complete the information.)

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