Iran's oil exports are surging to their highest level in several years despite the ongoing U.S. sanctions amid strong demand from China and Venezuela.
in recent months, in addition to its sales of drones and missiles to Russia for use in Ukraine have left those negotiations at an impasse.US SANCTIONS IRANIAN OFFICIALS INVOLVED IN CRACKDOWN ON PROTESTERS
"In comparison to the Trump administration, there hasn't been any serious crackdown or action against Iran's oil exports," said Sara Vakhshouri of SVB. "January exports were so far strong like previous months." Kpler, a data intelligence firm, put Iranian crude exports at 1.23 million bpd in November – the most since August 2022 – although they fell below 1 million bpd in December., a draft state budget reported by the semi-official Fars News Agency showed it was based on shipments of 1.4 million bpd.
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