Continued naval blockade; Kpler says Iran’s oil reserves in the sea will end in October

Continued naval blockade; Kpler says Iran’s oil reserves in the sea will end in October

🔸Kpler data, which monitors global shipping, shows that the volume of Iranian crude oil currently carried on tankers outside the area of the U.S. naval blockade has fallen from about 90 million barrels in mid-July to 29 million barrels, and it may end in October.

🔸These tankers had managed to leave the area before the U.S. naval blockade was reinstated on July 23 this year, and in recent weeks they had served as Iran’s only source of oil revenue.

🔸Kpler estimates that current deliveries from tankers outside the blockade area reach about one million barrels of oil per day and could run out Iran’s oil reserves at sea by mid-October.

🔸Based on this report, since the naval blockade was reinstated, no Iranian tanker has succeeded in passing the U.S. blockade; however, Iran is still loading small amounts of oil onto tankers, but these tankers remain stuck inside the Persian Gulf.

🔸According to Kpler’s data, in August Iran loaded 255,000 barrels of oil per day onto ships within the Persian Gulf, which is 85% less than the average of the months from February to April. These newly loaded barrels are still trapped behind the blockade line and have not been sent to markets.

🔸The Wall Street Journal, citing these same data, reported that Iran’s oil revenues are drying up as the U.S. naval blockade continues, increasing pressure on the country’s crisis-ridden economy.

🔸Oil officials in Gulf countries told the newspaper that their assessments of the amount customers are buying to determine the price of oil in the coming months show that only a few of the remaining Iranian oil shipments are being traded.

🔸Read the full version of this report on the Radio Farda website.