Iran’s oil exports surges past pre-sanctions levels: Data
New data by a major international tanker tracking service show Iran’s oil exports has reached levels that were not even seen before the country came under US sanctions in 2018.
Data by Tanker Trackers released on Monday showed that Iranian oil exports had increased by 30% in the initial 20 days of August compared to previous months to reach an average of 2.2 million barrels per day, a figure not seen since 2017.
The figures, first reported by the Bloomberg, come amid growing efforts by Iran to get round the US sanctions and deliver oil to customers in Asia and elsewhere.
Iranian oil exports have seen consistent rises since the second half of 2021 when Iran came up with innovative solutions, including offering major discounts, to supply oil to its customers.
Private refiners in China have been responsible for a bulk of oil purchases from Iran over the past two years.
Some media outlets claimed a recent deal between Iran and the US, which covered prisoner exchange and the release of Iranian blocked assets in South Korea, may have included arrangements on easing of US sanctions on Iran in return for a slowing down of the Iranian nuclear program.
Iran has consistently denied it will accept illegitimate US demands about its nuclear or defense activities.
That comes as some regional sources have claimed that the emerging Iran-US prisoner swap deal may be a prelude to a broader agreement between the two countries to return to an international deal on Iran’s nuclear program.
The deal, known as the JCPOA, has suffered since 2018 when a former US government pulled out of it and imposed sanctions on Tehran.
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