Commodities

Kpler Insight notes that Iran’s crude export system remains resilient, with March loadings near 2mln BPD; Kharg Island accounts for about 1.6mln BPD and remains operational after recent strikes

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Kpler says that rising inventories at Jask and steady tanker movements through the Strait of Hormuz indicate an intact and increasingly efficient supply chain.  Adds that temporary US sanction waivers may broaden the buyer base.

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