Iran has reportedly smuggled nearly $1bn worth of oil out of the Strait of Hormuz despite US blockade in the vital trading route. According to the reports, around 34 Iranian oil tankers have managed to bypass the blockade — with 19 ships sailing out of the Persian Gulf past US naval forces and another 15 entering from the Arabian Sea toward Iran.
Of these, six tankers were reportedly carrying smuggled Iranian crude amounting to 10.7 million barrels, which is estimated to generate roughly $910 million in revenue for the Iranian government, reports Financial Times.
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Source: Daily Express :: World Feed
