Gate News reports that on March 13, according to the Financial Times, since the United States and Israel launched military strikes against Iran, the Gulf oil-producing countries have suffered an estimated $15.1 billion in energy revenue losses due to the near halt of shipping through the Strait of Hormuz. A large amount of crude oil has been stranded as transportation is obstructed. The Strait of Hormuz is one of the world’s most important energy transit routes, typically carrying about one-fifth of global oil trade flow. The current regional conflict has led to a significant reduction in tanker shipments, with millions of barrels of crude oil unable to be exported, impacting Middle Eastern energy supplies and the global oil market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Galaxy Research Chief: U.S. OFAC Sanctions List Involves 518 Bitcoin Addresses
The U.S. Treasury's OFAC sanctions list includes 518 Bitcoin addresses that have significantly engaged in crypto transactions, currently holding about 9,306 BTC valued at $707 million, highlighting the relationship between cryptocurrency and financial regulation.
GateNews4h ago
French Finance Minister: Euro-Based Stablecoins Vital to European Financial Sovereignty
French Finance Minister Roland Lescure has called on European banks to aggressively develop euro-based stablecoins and tokenized deposits to challenge the overwhelming dominance of the U.S. dollar in digital payments.
Key Takeaways:
Roland Lescure urged EU banks to launch euro stablecoins
Coinpedia5h ago
Bitcoin Swings on Hormuz Strait Reports, Triggering $762M in Liquidations
Bitcoin rose to $78,000 but dropped to $76,091 following reports of tensions in the Strait of Hormuz. Iran's actions triggered $762 million in liquidations among traders, with implications for crypto markets as Iran accepts payments in bitcoin and other currencies to navigate sanctions.
GateNews6h ago
U.S. Military Plans to Board and Seize Iranian-Linked Vessels in International Waters
U.S. military officials announced plans to board and seize Iranian-linked vessels in international waters, marking an escalation in operations targeting Iran's maritime assets beyond the Middle East.
GateNews6h ago
Iran Reports 3,468 Deaths in U.S.-Israel Conflict, Official Register Updated
Iran's Martyrs and Veterans Affairs Foundation has reported 3,468 Iranian personnel casualties in the U.S.-Israel conflict, according to Chairman Mousavi and state media.
GateNews6h ago
Ukraine's Prosecutor General Classifies Kyiv Shooting as Terrorist Attack
Ukrainian Prosecutor General Irina Kravchenko announced that a shooting in Kyiv has been classified as a terrorist attack, prompting criminal proceedings under national law. The investigation is ongoing.
GateNews6h ago
