Iran Claims Oil Exports Have Hit Highest Level Since Reimposition Of U.S. Sanctions

RFL/RE – Iran’s oil exports have reached their highest level in the past four years amid U.S. sanctions, the country’s Oil Minister Javad Owji said on March 12, according to the semiofficial Tasnim news agency. He said the increase was 190 million barrels above the previous year. In November, President Ebrahim Raisi said Iran’s oil exports had reached levels not seen since the Trump administration reimposed sanctions in 2018. Companies that track oil flows said in January that Iran’s export rise was due to higher shipments to China and Venezuela. To read the latest original story by Reuters, click here.