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Iran's Oil Exports Surge Amid War, Prices Spike Over $100

3/20/2026

31 6 Full Breakdown

Summary

Story summary

The war with Iran has driven 90 ships, including tankers, through the Strait of Hormuz.
Iran has exported 16 million barrels since early March, aided by strait control.
Other producers see flows down 98% from pre-war levels while Iran stays stable.
The U.S. has begun military actions to secure the area as Iraq and Saudi Arabia seek routes.
Oil prices have risen above $100 per barrel amid these tensions.

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Story summary

The war with Iran has driven 90 ships, including tankers, through the Strait of Hormuz.
Iran has exported 16 million barrels since early March, aided by strait control.
Other producers see flows down 98% from pre-war levels while Iran stays stable.
The U.S. has begun military actions to secure the area as Iraq and Saudi Arabia seek routes.
Oil prices have risen above $100 per barrel amid these tensions.