Iran’s Oil Exports up 40% as US Tanker Seizure Campaign Fails – Al-Manar TV Lebanon

Iran’s crude oil exports have surged 40% since August when the new administration came to office, the CEO of the National Iranian Oil Company (NIOC) says, adding gas condensate sales have grown 250%.

“We have exported to some of the target countries more than during the implementation of the JCPOA,” Mohsen Khojastehmehr was quoted as saying Wednesday, referring to the Joint Comprehensive Plan of Action, a multilateral agreement on Iran’s nuclear program.

Former US President Donald Trump exited the 2015 nuclear accord in 2018 and reimposed sanctions aimed at curbing oil exports and the associated revenue to Iran, but the Islamic Republic kept some exports flowing despite the sanctions.

In recent months, international tanker trackers and shipping sources have confirmed rising Iranian oil exports amid tight global supply that has helped to push oil prices to multi-year highs.