Business news network CNBC reports that Iran has exported more than 40 million barrels of crude oil in the two weeks since the United States lifted the naval blockade. According to the report, Iran is now selling its oil with a 20% premium.
Business news network CNBC reported Thursday morning that Iran has exported more than 40 million barrels of crude oil in the two weeks since the U.S. lifted the naval blockade. The report states that Tehran is now selling its oil at a 20% premium. This marks the latest confirmation of a sustained surge in Iranian oil exports since sanctions relief in mid-June.
As The Zioneer has previously reported, multiple sources — including maritime monitoring firm TankerTrackers, Iranian parliament speaker Mohammad Bagher Ghalibaf, and Bloomberg — have cited figures ranging from 25 million to 50 million barrels exported since the blockade ended. The CNBC report corroborates a figure first claimed by Ghalibaf 10 days ago, and is consistent with TankerTrackers' cumulative estimate of 50 million barrels through June 30.
The report does not specify whether the 40 million barrels were sold to specific buyers or on spot markets, and does not provide a dollar value for the sales. The U.S. has not formally commented on the continued shipment volumes since lifting the blockade.
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