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Iran’s oil exports top 80 million barrels in less than a month
Middle East MonitorAdded 1 month ago
Iran has successfully exported over 80 million barrels of crude oil and petroleum products in just 26 days, following a recent agreement with the United States. This surge in exports is valued at approximately 6 billion US dollars.
Additionally, there are still around 30 million barrels awaiting shipment. If restrictions on oil production are imposed, Iran has the capacity to manage supplies with 60 million barrels of floating storage available in the region.
This development is significant for Iran's economy and its position in the global oil market.