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 »
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 »
Since the United States and Israel launched their campaign against the Islamic Republic, Iran has delivered a severe shock to global aviation, particularly in the Middle East. Normal conditions will not soon return. The current crisis goes beyond flight cancellations or air transport costs. By disrupting the Strait of Hormuz—one of the main transit routes
The Iran War’s Damage to Global Aviation Read More »
The United States moved to impose a naval blockade on Iran just as the country’s oil exports were surging to their highest levels in years, underscoring Washington’s effort to halt a wartime boom in Tehran’s energy revenues. The move followed the collapse of negotiations in Pakistan and comes amid a war that has disrupted much
US blockade targets Iran oil boom amid regional disruption Read More »
Israel’s recent strikes on Iran’s southern petrochemical infrastructure have raised concerns over potential disruptions to one of the country’s key sources of export revenue, underscoring the strategic vulnerability of its energy sector. In recent days, Israel hastargeted at least eight large petrochemical facilities in Mahshahr, a major industrial zone in Khuzestan province, before extending its attacks
Iran’s Petrochemical Sector Faces Fresh Strain After Israeli Strikes Read More »
Strikes on two of Iran’s largest steel facilities threaten to erase at least $6 billion in annual export revenues and flip the country from a net exporter to a net importer of the metal for the first time in years. Khuzestan Steel Company has halted operations following Friday’s attacks by the United States and Israel,
Strikes on Iran’s biggest steel producers Read More »
President Donald Trump has in recent days threatened to obliterate Iran’s power plants, in response to the Islamic Republic’s effective closure of the Strait of Hormuz. He has since delayed any action, saying he granted a grace period—despite Tehran’s insistence that it is not negotiating with the White House over a 15-point proposal reportedly conveyed via
Behind Trump’s Threat: Iran’s Grid Faces a Stress Test Under Fire Read More »
The United States has signaled it will issue a one-month waiver allowing limited sales of sanctioned Iranian oil, aiming to calm global markets amid heightened geopolitical tensions. While the move may offer Tehran short-term relief, it ultimately reinforces Washington’s control over Iran’s oil revenues and exports. U.S. Treasury Secretary Scott Bessent described the measure as
Are Iran Oil Sanctions Waivers Relief for Tehran or Leverage for Washington? Read More »
