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Iran Oil Exports Hit Highest Record In Five Years
Iran’s oil sales have reportedly hit a record high since the US withdrew from the nuclear deal and reinstated sanctions in 2018, but pundits wonder where the money goes.
In an article on Friday, Bloomberg confirmed earlier claims by Islamic Republic officials about the rise in exports, saying that Iranian oil is quietly flooding into the global market again.
Citing data from market analytics provider Kpler, global strategic energy-consulting firm SVB Energy International, FACTS Global Energy Group (FGE) and the International Energy Agency, Bloomberg said that Iran’s exports have surged to the highest level in almost five years, “fortifying its re-emergence on the geopolitical stage while posing risks for a fragile global crude market.”
OPEC+ countries have repeatedly cut production to restrict supplies and control the plummeting prices.
“Iran’s crude exports smashed it last month,” said Homayoun Falakshahi, a senior analyst at Kpler. “Iranian crude is extremely interesting for those willing to take the risk to buy.”
As expected, Tehran’s ally China is its main customer, albeit with hefty discounts, which help smaller Chinese refiners offset a recent slump in profit margins.....
https://www.iranintl.com/en/202306161017
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Biden has been ignoring the Iran oil sanctions and I ran has been raking in BILLIONS. Trump had Iran on its knees economically. Now after almost three years of Biden they can afford to finance terrorism again. Now we know why Hamas chose this time to attack Israel. Biden helped finance this attack on Israel by allowing Tehran around $50 billion that they would not have had with Trump in office. Guano how do you feel about your boy now?
Iran’s oil sales have reportedly hit a record high since the US withdrew from the nuclear deal and reinstated sanctions in 2018, but pundits wonder where the money goes.
In an article on Friday, Bloomberg confirmed earlier claims by Islamic Republic officials about the rise in exports, saying that Iranian oil is quietly flooding into the global market again.
Citing data from market analytics provider Kpler, global strategic energy-consulting firm SVB Energy International, FACTS Global Energy Group (FGE) and the International Energy Agency, Bloomberg said that Iran’s exports have surged to the highest level in almost five years, “fortifying its re-emergence on the geopolitical stage while posing risks for a fragile global crude market.”
OPEC+ countries have repeatedly cut production to restrict supplies and control the plummeting prices.
“Iran’s crude exports smashed it last month,” said Homayoun Falakshahi, a senior analyst at Kpler. “Iranian crude is extremely interesting for those willing to take the risk to buy.”
As expected, Tehran’s ally China is its main customer, albeit with hefty discounts, which help smaller Chinese refiners offset a recent slump in profit margins.....
https://www.iranintl.com/en/202306161017
=====================
Biden has been ignoring the Iran oil sanctions and I ran has been raking in BILLIONS. Trump had Iran on its knees economically. Now after almost three years of Biden they can afford to finance terrorism again. Now we know why Hamas chose this time to attack Israel. Biden helped finance this attack on Israel by allowing Tehran around $50 billion that they would not have had with Trump in office. Guano how do you feel about your boy now?
