[US-Israel, Iran War Day #184] Hormuz Crisis Adds $330 Billion to Global Fossil Fuel Import Costs

Crude flows through Hormuz average 3.8 million bpd, tanker-monitoring service says Crude oil shipments through the Strait of Hormuz averaged 3.8 million barrels per day over the past seven days, TankerTrackers said on Sunday. That marked a decline from the 9.8 million bpd recorded during the Iran-US memorandum of understanding, which was effectively in force for only 25 days, the tanker-monitoring service said. Goldman Sachs said Friday that oil flows through the Strait of Hormuz had recovered to around two-thirds of pre-war levels, helping contain the impact of the conflict on global crude prices. Iran sanctions reach education: Duolingo blocked,…