The Financial Times, citing the energy analysis company Vertexa, said that Iran’s oil exports have reached their highest level in the past six years, and that China is the main customer for those loads.
According to this report, in the first three months of 2024, Iran sold around 1.56 million barrels of oil per day.
This amount is the highest level of Iranian oil sales since 2018.
Iran’s success in selling more oil reflects the failure of US and European Union efforts to contain the Iranian regime.
“Iran has found ways to circumvent sanctions, especially with China as its main client,” Fernando Ferreira, director of geopolitical risk services at US-based energy group Rapidan, told the Financial Times.
The annual revenue of $35 billion from the export and sale of Iranian crude oil comes at a time when the West is trying to agree to impose new and tougher sanctions on Tehran, in the attempt to force the Israelis to retaliate for the Iranian attack with drones. and missiles on April 13.
In recent days, US Treasury Secretary Janet Yellen admitted that Iran continues to export oil despite previous sanctions.
She said that more measures should be taken to stop this process.
Analysts believe that Washington is willing to fully implement the tough sanctions against Iran and implement “maximum pressure” approved by Donald Trump in 2018.
According to them, Joe Biden’s government fears that these sanctions will affect the global oil supply and cause inflation during the year of the US presidential elections.
In this context, the Tasnim News Agency, linked to the Iranian Revolutionary Guard, confirmed in a report on Wednesday, April 17, that the Iranian oil industry has found ways to escape the sanctions, and since its main customer is China, it is largely shielded from Western pressure.
2024-04-18 13:27:07
#Worth #billion #annually.. #Irans #oil #exports #reach #6year #high
