šØ Macro update: Iranian oil exports āfrozen,ā putting energy markets under heavy pressure!
The latest data from Vortexa shows that U.S. sanctions are having an extremely strong impact, bringing Iranās seaborne crude oil exports to a complete standstill from the second week of September through early October.
Here are the key figures:
š Iranian oil exports: Plunged from 230,000 barrels per day to zero.
š¦ Inventories: Reached 83 million barrels (43 million barrels are stranded in the Strait of Hormuz alone).
š LPG exports: Fell 48%, hitting their lowest level since January 2023.
š Russian oil exports: Rose 6% to 3.79 million barrels per day, now accounting for as much as 80% of total at-risk oil supplies (combined across Russia, Iran, and Venezuela).
What are the implications? Iranās supply being blocked while the world remains heavily dependent on Russian oil will push global energy prices higher. As the crude oil market becomes volatile, risk aversion will spread, driving capital toward safe-haven assets. Crypto traders should pay close attention to this macro variable, as it directly affects market trends.
š Keep up with the market ā Follow the channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#CryptoMarket #Trading #Crypto #WhaleAlert #OnChain $TRX
The latest data from Vortexa shows that U.S. sanctions are having an extremely strong impact, bringing Iranās seaborne crude oil exports to a complete standstill from the second week of September through early October.
Here are the key figures:
š Iranian oil exports: Plunged from 230,000 barrels per day to zero.
š¦ Inventories: Reached 83 million barrels (43 million barrels are stranded in the Strait of Hormuz alone).
š LPG exports: Fell 48%, hitting their lowest level since January 2023.
š Russian oil exports: Rose 6% to 3.79 million barrels per day, now accounting for as much as 80% of total at-risk oil supplies (combined across Russia, Iran, and Venezuela).
What are the implications? Iranās supply being blocked while the world remains heavily dependent on Russian oil will push global energy prices higher. As the crude oil market becomes volatile, risk aversion will spread, driving capital toward safe-haven assets. Crypto traders should pay close attention to this macro variable, as it directly affects market trends.
š Keep up with the market ā Follow the channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#CryptoMarket #Trading #Crypto #WhaleAlert #OnChain $TRX