On 4/6, Griffitha Data Company said the Iranian export of crude oil and converging gas in May about 200,000 barrels a day. The figure dropped significantly over the 1.34 million barrels of April and 1.9 million barrels of March. This has also been the lowest since the end of 2019, early 2020 - the time when American President Donald Trump pursued the "most pressure" strategy to Iran during the first term.
The main cause of the export of Iran's crude oil steep is thought to be the U.S. Navy's blockade policy, which began on 13 April. Over the past three months, Iran has also sealed the Hormuz Channel, causing oil exports from Saudi Arabia, Kuwait, Iraq and UAE paralyzing.
"The main manage may be the interruption at the Hormuz Strait, the US Navy's blockade aimed at the ship out - into Iran's port. Along with that, ship owners, insurance companies and other related parties stopped moving ships, crews entered the area", Claire Jungman - the analyst of Parsonsa - explained.
Get out! [The Iranian Revolutionary Guard highway moves on Persian bay April 2424] Image: AFP](httttts
The Iranian Revolutionary Guard highway moves on the Persian Gulf of April 2424 Image: AFP*
Data from Kpler Market Analysis also indicates that Iran's oil exports dropped similarly. The company estimated exports in May higher than Griffitha, at 270,000 barrels a day. This is still the lowest of six years, though.
Iran's oil in marine vessels also declined as more and more freight ships in China. Kpler said about 147 million barrels of crude oil and Iran's condensation gas are rising at sea. In it, about 67 million barrels were trapped inside the Persian Gulf and the Oman Bay.
The water's floating oil was significantly reduced by about 190 million barrels in late April. Homayoun Falashahi - Kpler's analyst said that if the U.S. lockdown lasted for another two months, Iran could nearly empty the amount of oil available to transport to China - the largest customer of the country.
According to Kpler, the amount of Iranian crude oil that China imported dropped to 1,1 million barrels a day in May. This is the lowest since 19025.