The Bank of Industry and Mine in Iran has frozen the accounts of the National Iranian Oil Company due to outstanding debts. This decision raises concerns about financial instability within Iran’s oil sector. The Strait of Hormuz, a critical chokepoint for global oil shipments, could be affected if tensions escalate. Markets are closely monitoring the situation. The current pricing for normal traffic through the Strait by December 31 stands at 61.5%, up from 56% a week ago.
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