• Iran bypasses Hormuz Strait to export crude oil

    4 days ago - By Chron

    TEHRAN, Iran - Iran Thursday began exporting crude oil for the first time in the Gulf of Oman, bypassing the strategic Strait of Hormuz.
    During a ceremony marking the inauguration of the project, President Hassan Rouhani called the plan “strategic.”
    Iranian state media described the move as an indication that sanctions imposed by the U.S. were being defeated. Washington placed sanctions on Tehran after former U.S. President Donald Trump pulled his country out of a nuclear deal between Iran and world powers.
    The project, which began in 2019 and will cost some $2 billion in total, helps Iran...
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