Market News and Commentary – Wall Street Underground

By Nick Guarino | July 8, 2019

Iran oil exports drop below 300,000 bpd in June

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Iran’s oil exports for the month of June dropped to less than 300,000 barrels per day after the United States tightened sanctions on the regime’s main source of income, according to industry sources said and tanker data cited by Reuters. Data from Refinitiv Eikon put Iran crude shipments at about 240,000 bpd. A fraction of the more than 2.5 million bpd that Iran shipped in April 2018, the month before.

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