Iranian Vice President says damage to the country’s gas infrastructure during the 39-day war has more than doubled Iran’s gas deficit. Esmail Saqqab Esfahani said that during the recent war, the country’s gas infrastructure suffered a loss of 55 billion cubic meters, reducing annual production from 297 bcm to 242 bcm annually. According to him, […]
Did the War Cause Iran’s Gas Deficit to Double? Read More »
Author: Dalga Khatinoglu/The Islamic Republic of Iran’s disruption of oil tanker traffic through the Strait of Hormuz has not only triggered a surge in oil prices and reduced China’s crude oil imports, but has also severely affected Beijing’s non-oil trade with Arab Gulf countries.China is the largest trading partner of the member states of the
Major Disruptions Hit China’s Trade with Gulf Arab States Read More »
New shipping and energy market data indicate that Iran’s oil sector is facing its most severe disruption in years. Not only has the transit of Iranian crude through regional waters effectively come to a halt over the past six weeks, but China—the Islamic Republic’s sole major oil customer—also has steadily reduced its purchases of Iranian
Iran’s Oil Production and Exports Enter a Steep Decline Read More »
Iran has started reducing oil output as onshore storage tanks approach capacity following a month-long US naval blockade that has nearly halted exports, according to data from Kpler and Bloomberg. More than 70 percent of the country’s onshore tanks are now filled. An Iran Open Data analysis of Kpler shipping data, Bloomberg reporting, and OPEC
Iran’s Onshore Oil Storage Tops 70 Percent as Blockade Halts Exports Read More »
China is showing growing unease over the economic and strategic costs of Iran’s confrontation with the United States, even as it continues to shield Tehran diplomatically at the United Nations. US President Donald Trump said during his recent visit to Beijing that Chinese President Xi Jinping stressed the importance of keeping the Strait of Hormuz
China’s Iran balancing act grows more costly Read More »
Iran’s oil exports have collapsed since the US naval blockade began on April 13, with daily loadings falling from 2.1 million barrels to 567,000 barrels, according to tanker-tracking firm Kpler. Onshore storage and tankers in Iranian waters are filling up, and the government has begun cutting oil production. An Iran Open Data analysis of OPEC
Iran’s Foreign Reserves Cover One Year of Imports as Oil Exports Collapse Read More »
Iran’s foreign trade has suffered a sharp contraction in the first month of war with the United States and Israel, newly released customs data show, signaling a severe blow to the country’s already fragile economy. Figures from Iran’s customs administration show non-oil trade collapsed in the final month of the previous Iranian fiscal year (February
Iran’s foreign trade suffers wartime collapse Read More »
The economic toll of more than two months of war is visible in Iran, as a U.S. naval blockade and the effective halt of the Islamic Republic’s maritime trade triggers mounting pressure across the economy. The sharp depreciation of the Iranian rial is the clearest sign so far of a broader economic breakdown now unfolding.
The War’s Severe Damage to Iran’s Economy Comes Into View Read More »
ran is facing severe shortages of key petrochemical products after recent strikes on its main production hubs, according to two informed sources inside the country. Earlier this month, Israel targeted facilities in Mahshahr and Asaluyeh, Iran’s two principal petrochemical centers, which together account for roughly three-quarters of the country’s output. According to commercial sources who
Strikes on petrochemical hubs leave Iran short of plastics Read More »
With a tentative ceasefire expiring and an incomplete lifting of Iran’s blockade of the Strait of Hormuz, the central question now is whether Iran will receive meaningful relief—particularly in the form of sanctions easing—or whether the United States will tie the lifting of sanctions to conditions such as curbs on regional activities or missile capabilities.
Iran Under Pressure as War Exposes Deep Industrial Damage Read More »
