🔺Iran’s daily oil production fell by 800,000 barrels over one month

▪In its latest report on the state of global oil markets, the U.S. Energy Information Administration said that Iran reduced its daily oil production by 800,000 barrels compared to July last month.

▪Overall, since the start of the war, Iran’s daily oil production has fallen by one million barrels, dropping to 2.4 million barrels.

▪After the Islamic Republic’s agreement with the United States, Iran had increased its oil production levels, but with the renewed maritime blockade, Iran’s oil production fell sharply.

▪According to data from Kpler, Iran loaded 260,000 barrels of oil per day last month, but it was unable to get any oil shipment through the U.S. maritime blockade line.