A picture taken on March 12, 2017, shows an Iranian labourer walking the platform of the oil facility in the Khark Island, on the shore of the Gulf, on March 12, 2017. / AFP / ATTA KENARE
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Iran's crude oil exports have declined slightly in May, according to estimates from a leading tanker-tracking company, in the first sign that the threat of U.S. sanctions may be deterring buyers. The estimates from Geneva-based Petro-Logistics also suggest Iranian oil buyers are not rushing to cut volumes from OPEC's third-largest producer.Petro-Logistics did not specify the absolute volume of Iran's exports in May or April.Petro-Logistics said the overall rate of Iran's exports remained strong in May compared with recent months and companies in Europe were still buying.
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