Iran's Oil Exports: On a Slow Boat to Nowhere
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Iran's crude oil exports have dramatically slowed in October as the country braces for possible retaliation following its October 1 missile attack on Israel. With Israeli strikes on Iranian oil facilities a topic of discussion, Iran's exports dropped to around 600,000 barrels per day in the first 10 days of the month—about a third of recent months' volumes. Typically, 5-8 tankers would load during this period, but this month only 3-4 vessels were loaded, according to Vortexa oil risk analyst Armen Azizian. Iran has moved several empty tankers…
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