What a Halt in Oil Revenues Would Mean for Iran’s Economy

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Iran’s floating oil storage in Asian waters—the last supply available for delivery to buyers, predominantly in China—has run dry amid the ongoing U.S. naval blockade, according to tanker-tracking data.  Energy intelligence firm Kpler reports that Iranian oil transit halted in mid-July and loadings stopped completely by mid-August. Once the roughly 15 million barrels stored off

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Iran oil exports vanish as regional flows surpass prewar levels

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New tanker-tracking data shows that Iran’s new oil exports have effectively ground to a halt, while crude exports from Arab countries in the region surpassed pre-war levels in the final week of September. Data from commodities intelligence firm Kpler shows that regional crude exports reached their highest level since the war began in late February.

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War deepens Iran’s energy crunch ahead of winter

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Iran’s economy contracted sharply in the spring as war hit its oil and gas sectors, with new data pointing to an energy crunch that could force Tehran to balance gas exports against rising domestic demand as winter approaches. Iran’s Statistical Center reported that gross domestic product contracted 10.1% year on year in the spring, with

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Accelerating Depletion of Industrial Raw Material Inventories in Iran

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Iran’s Chamber of Commerce has reported an accelerating depletion of raw material inventories across the industrial sector. According to the report, the Raw Material Inventory Index fell from around 44.5 in July to 39.3 in August 22. Meanwhile, the Purchasing Managers’ Index (PMI) for the overall economy also fell to 46.9, signaling economic contraction and

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Iran’s gasoline price hike may add to revenues, but can it ease fuel shortage?

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Iran’s decision to double the price of gasoline sold outside subsidized quotas could generate less than $500 million in additional annual revenue under current consumption patterns, but can it resolve the structural pressures behind the country’s growing fuel shortage? After weeks of reduced gasoline supplies and kilometer-long queues at filling stations, the government raised the

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Iran’s appliance industry is collapsing, and so is the market it was built for

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When a refrigerator breaks in Iran now, the family often cannot replace it, and increasingly cannot afford to repair it either. Behind that is an industry losing its raw materials, its customers and, since March, two of the industrial hubs that supplied it. Iranian manufacturers are being squeezed from both ends at once. The steel

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Inside Iran’s Daily 14 Million-Liter Gasoline Shortfall

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Iranian officials are warning of a daily deficit of around 14 million liters of gasoline—a crisis visibly marked by kilometer-long queues outside filling stations across the country. While the government primarily attributes this shortage to growing car ownership and high domestic fuel consumption, our analysis of vehicle and energy data at Iran Open Data shows

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Iran loses ground on trade as war hits oil and non-oil exports

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Iran’s foreign trade has contracted sharply since the conflict with the United States began, with non-oil exports and imports falling by around a quarter or more, according to customs data released after months of delay. Iran exported about $15 billion worth of non-oil goods, including natural gas and LPG, through August 16, nearly five months

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Iran crude loadings plunge to one-seventh of pre-war level as blockade bites

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Iranian crude loadings have fallen to about one-seventh of their pre-war level under the US naval blockade, while Chinese receipts of Iranian oil and fuel exports have also dropped sharply, tanker-tracking data reviewed by Iran International shows. Data from commodities intelligence firm Kpler shows Iran has loaded an average of about 287,000 barrels per day

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