An oil tanker is seen off the port of Bandar Abbas, southern Iran. AFP/Atta Kenare
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new U.S. sanctions against the Islamic Republic kick in on Nov. 4 .Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries and estimates of its crude exports in October vary by more than 1 million barrels per day.Before Trump's May announcement of the sanctions, Iranian exports were above 2.5 million bpd.An Iranian oil official, asked how much crude Iran was exporting in October, declined to comment.According to Refinitiv Eikon data, Iran exported 1.55 million bpd in the first three weeks of October, higher than the 1.33 million bpd seen in the first two weeks of the month. Kpler put Iranian exports at 1.85 million bpd in the first 24 days of October.Iran insists it will keep exporting oil and says the U.S. sanctions will ensure the market remains volatile.
FOLLOW THIS ARTICLE