Iran’s oil output, exports rise as Washington, Tehran talk ...Middle East

LONDON/WASHINGTON: Iran’s oil output and exports jumped in August despite US sanctions, according to consultants and companies that track tanker shipments, as Tehran sells to buyers including China. Analysts said the higher exports appear to be the result of Iran’s success in evading US sanctions and Washington’s discretion in enforcing them as the two countries seek better relations. The United States has sought to limit Iran’s oil exports since Donald Trump exited a 2015 nuclear accord in 2018 and re-imposed sanctions aimed at curbing revenues to Iran’s government. But the exports have risen during President Joe Biden’s term, with China a top buyer, according to the industry trackers.

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Last updated : 01 September 2023 clock 04:24 AM

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