On September 3 (local time), US Central Command announced that US forces are continuing to enforce a maritime blockade against Iran in regional waters. As of that day, US forces had diverted 87 commercial vessels, disabled three, and boarded two for inspection.

As a major global crude oil exporter, Iran faces severe obstacles to its oil exports due to the US maritime blockade. This has significantly heightened expectations of a contraction in global crude supplies, providing strong bullish support for both spot and futures crude oil prices.

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