Iran oil exports highest since nuclear deal at 2.7 million bpd despite US threats of fresh sanctions
The bulk of Iran`s crude exports, at least 1.8 million bpd, goes to Asia. Most of the rest goes to Europe and these volumes are seen by analysts and traders as the more vulnerable to being curbed by U.S. sanctions. European powers still see the nuclear accord as the best chance of stopping Tehran from acquiring a nuclear weapon and have intensified efforts to save the pact.
Iran exported 2.4 million bpd of crude oil in May, SHANA reported, and 300,000 bpd of natural gas condensate. Iran`s oil exports was 2.6 bpd in April. Image source: Reuters