Iran has significantly increased its crude oil exports, with shipments from Kharg Island reaching nearly 20.1 million barrels between February 15 and 20, tripling the volume from the same period in January. This surge, averaging over 3 million barrels per day, is seen as a strategic move to mitigate risks amid potential U.S. military actions. As geopolitical tensions rise, tankers may adopt dispersed routes to avoid disruptions.
The heightened tensions have also impacted financial markets, with analysts predicting a 15% rise in gold prices to $5,500–$5,800 per ounce if conflict erupts, driven by safe-haven demand. In the crypto market, Bitcoin is hovering near its range's upper boundary, with potential pressure from a stronger dollar or a shift towards inflation-hedge narratives. The situation remains fluid, with geopolitical developments being a key factor.
Iran Triples Oil Exports Amid Rising U.S. Tensions
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