TREE NEWS reports: Iran’s seaborne crude exports held at zero in October under a US blockade, energy intelligence platform Vortexa reported, after flows fell from a 14-day average of 230,000 barrels per day in early September to zero in the second week of September. Iranian crude inventory in tankers at sea has fallen to 83 million barrels, with 43 million barrels stranded west of the Strait of Hormuz. Iran’s LPG exports dropped 48% month-on-month to their lowest since at least January 2023.
US Blockade Halts Iran’s October Crude Exports: Vortexa
AI take
A total halt in Iranian seaborne crude exports, with nearly half the floating inventory stranded west of Hormuz, points to enforcement with real physical consequences rather than a headline risk. The affected parties are Iran's remaining buyers and the shipping and insurance chains that move its barrels, plus LPG importers now facing a 48% monthly drop. The open question is whether the stranded tonnage west of Hormuz is eventually released or absorbed into storage, and whether the zero-flow reading persists into November.
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