Last night, the Iranian state news agency IRNA published a Goldman Sachs study estimating that oil exports from Gulf countries have fallen to about 36% of their level before the start of the US-led war against Iran. The report also notes that the physical oil market continues to suffer from supply shortages.
The Iranian state news agency IRNA last night published a Goldman Sachs study estimating that oil exports from Gulf countries have fallen to approximately 36% of their pre-war levels, according to a Persian-language the source. The report also notes that the physical oil market continues to suffer from supply shortages. The study has not been independently verified. The Zioneer has previously reported on the impact of the war on oil markets, including a 19% drop in Iranian oil production in June (OPEC data) and a subsequent surge in exports after the US temporarily lifted its naval blockade in July. The new estimate provides a broader perspective on Gulf supply constraints, though the study's methodology and publication date remain unclear.
- DevelopingIran's oil exports plummet 84% in May, single source reports
- DevelopingIran oil production down 19% in past month, OPEC data shows
- StrongCNN: Iran exported 60 million barrels of oil in three weeks, tracking data shows
- DevelopingReport: Iran exported over 80 million barrels of oil in 26 days before US reimposed blockade
Source and signal
A single-sourced dispatch is never rated Confirmed or Strong. Its Signal strengthens only when a second, independent source corroborates it.
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