Oil Exports From Iran Surge, Despite Sanctions

Iran’s energy sector has been subject to U.S. sanctions since 2018

  • Despite ongoing U.S. sanctions, Iran’s oil exports hit their highest level since 2019 amid strong demand from Venezuela and China.
  • President Joe Biden has been attempting to re-enter the Iran nuclear deal, but talks have stalled.
  • “In comparison to the Trump administration, there hasn’t been any serious crackdown or action against Iran’s oil exports,” according to an expert from SVB International.
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