Iranian oil exports fall to lowest level in six years, data shows

Iranian crude oil and condensate exports fell to their lowest level in at least six years in May, dropping well below 300,000 barrels per day. The decline was attributed mainly to the U.S. naval blockade, highlighting a significant geopolitical and supply disruption risk for global oil markets.

Analysis

Iranian crude oil and condensate exports fell to their lowest level in at least six years in May, dropping well below 300,000 barrels per day. The decline was attributed mainly to the U.S. naval blockade, highlighting a significant geopolitical and supply disruption risk for global oil markets.