Iran exported $1.44 billion worth of crude oil over the last five days, according to a single report. The figure appears to represent a significant volume given recent steep declines in Iranian oil exports due to U.S. sanctions.
A single source reports that Iran has exported $1.44 billion worth of crude oil in the past five days. The figure would mark a sharp reversal from recent trends: as The Zioneer has reported, Iran's oil exports fell by 84% in May compared to previous levels, and production dropped 19% last month according to OPEC data. The reported surge in exports comes after weeks of speculation that the United States may ease sanctions on Iranian crude, including reports that the U.S. allowed immediate Iranian oil exports. The figure is based on a single report and remains unverified. No breakdown by buyer or port has been provided.
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