As the US and Iran appear to edge toward an interim deal, Iran’s oil sector continues to contend with the combined effects of the US blockade, sanctions enforcement and elevated maritime controls in the Strait of Hormuz, leaving large volumes of crude unable to reach international markets.
Iranian Exports Squeezed by US Blockade
Iran's exports have dropped to their lowest level since February 2020 despite Tehran's use of secondary terminals and smaller tankers in a bid to evade the blockade.
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