Iran shifts 20M barrels through ‘dark’ offshore oil network bypassing US port blockade, firm says

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. The U.S. has formally implemented a blockade of Iranian ports in the Strait of Hormuz, with CENTCOM reporting halted economic trade and costing Iran $435 million daily. President Donald Trump emphasizes China's cooperation and upcoming talks, while Saudi Arabia fears escalation. Treasury Secretary Scott Bessent and economic experts discuss the naval forces' financial repercussions and the ongoing ceasefire negotiations, noting record U.S. oil exports and significant economic pressure on Iran. Iran is moving tens of millions of barrels of oil through covert offshore networks to bypass the new U.S. blockade on its ports, maritime intelligence firm Windward AI says. The blockade, which took effect April 13, came amid a two-week ceasefire and failed peace talks between the U.S. and Iran, and as President Donald Trump insisted the waterway must remain ope