Iran Starts Shipping Oil Via Strategic Pipeline

Iran has started sending crude oil via the Goreh-Jask pipeline that passes by the Strait of Hormuz and ends at the port city of Jask in the Gulf of Oman, from where the oil could be loaded on tankers for export. The first shipment has almost reached its final destination, Bloomberg reported, citing Iran’s state-owned Islamic Republic News Agency. The 620-mile pipeline will be officially opened later this year by President Hassan Rouhani. Iran has been preparing for the lifting of U.S. sanctions for months now, boosting its oil production…