Iran's Oil Exports Hit Six-Year Low Amid Tightening Blockade

Iran's oil exports have fallen to their lowest level in six years, according to recent data, as a tightening blockade takes effect. This decline comes amid broader geopolitical tensions, including the Israel-Lebanon ceasefire and renewed hopes for an Iran nuclear deal. The drop in exports has contributed to falling oil prices and prompted warnings from the World Bank president about the crisis's potential impacts. Meanwhile, the situation is accelerating energy transition efforts in Asia and Europe.