According to Oil Price, about 400 million barrels of oil are currently stuck in tankers under sanctions. If a major agreement is reached between Trump and Iran, this volume of oil will suddenly enter the global market and prices will collapse.

The Strait of Hormuz is located between Iran to the north and Oman and the United Arab Emirates to the south. The waterway is about 50 kilometers wide at its entrance and exit, and about 33 kilometers at its narrowest point. Despite this limited width, the world's largest oil tankers pass through this route. This passage is the only sea link between the Persian Gulf and the Sea of ​​Oman, and is practically the main artery for oil and gas exports from the region's major producers.

Its name is tied to "oil," but its role goes beyond a production company; an institution that emerged from a historic decision and became the beating heart of Iran's energy. Today, the National Iranian Oil Company is not only a major player in the oil and gas industry, but also one of the pillars of the economy and national authority.