Iranian Oil Exports Plunged Over 80% In August As U.S. Blockade Persists, Data Shows
6 Articles
6 Articles
The White House said that Iran had not exported any oil since the resumption of the naval blockade last month, while Tehran confirmed that it had sufficient oil to cover the current year ' s budget, amid a decline in its stock of floating raw materials.
Iranian crude oil exports plummet in the face of US blockade of Strait of Hormuz
On July 14, Trump reimposed the blockade in retaliation for Iran attacking oil tankers transiting the strait. Iran's crude exports are down 70% in August from 893,000 bpd last month.
CNBC reported today (August 28) that trade intelligence firm Kpler released data on Thursday showing that Iran has been shipping only about 260,000 barrels of crude oil per day so far in August. Last August, this figure was 1.7 million barrels per day, representing a drop of over 80% in a year. Compared to July of this year, it has also fallen by about 70%...
Iran’s Oil Exports Plunge as Trump Uses Hormuz Blockade to Intensify Economic Pressure on Tehran
Iranian crude oil exports have collapsed in August as President Donald Trump’s administration relies increasingly on a naval blockade and financial sanctions to squeeze Tehran into accepting a deal to fully reopen the Strait of Hormuz. Iran has loaded about 260,000 barrels per day of crude for export at its ports so far this month, […] The post Iran’s Oil Exports Plunge as Trump Uses Hormuz Blockade to Intensify Economic Pressure on Tehran appea…
Latest data shows that due to the US naval blockade, Iran's oil exports have plummeted by more than 80% compared to the same period last year. Crude oil exports are a major source of income for Iran, and the sharp drop in exports indicates that the economic war waged by the United States against Iran is taking effect.
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