Trade reports and official announcements from countries or companies

Iran's Jask Oil Terminal Begins Filling, First Time in Over Three Years, Bypassing Strait of Hormuz

Oct 18, 2024, 05:24 PM

Iran's oil terminal, designed to circumvent the strategically important Strait of Hormuz, has reportedly begun to partially fill with crude oil. This development offers Tehran a means to export some of its oil without relying on the congested waterway. The Jask terminal, located along the Gulf of Oman, has not seen exports in over three years, marking a significant change in its operational status. Satellite imagery confirms that the storage tanks at the facility have filled, although the terminal has limited capacity to ship the nation's oil. This information highlights Iran's ongoing efforts to enhance its oil export capabilities amid international sanctions.