Iran exported 12 million barrels of oil before the U.S. sanctions were reinstated
According to media reports, Iran managed to secretly ship about 12 million barrels of oil via supertankers over the course of a week, just before the resumption of strict U.S. sanctions.
Following the attacks in the Strait of Hormuz on July 7, the U.S. struck several targets in Iran and prematurely revoked the waiver that had allowed the sale of Iranian oil. Against this backdrop
Since the waiver was revoked, Iran has likely shipped at least tens of millions of barrels out of the Strait of Hormuz: six sanctioned supertankers passed through the strait toward the Gulf of Oman with their transponders turned off—in so-called “stealth mode”—according to vessel tracking data compiled by Bloomberg.
In the month between the two U.S. blockades—from mid-June to July 13—Iran likely shipped 57 million barrels of oil out of the Persian Gulf. The surge in Iranian shipments from the Gulf to the waters near the Straits of Malacca and Singapore provided Tehran with a lifeline to boost exports that had been hit by the first blockade.
Iran has managed to ship 60 million barrels of oil since the U.S. Navy lifted its blockade in mid-June 2026, TankerTrackers.com reported last week. — If the blockade is reinstated now due to an escalation, Iran will be stuck with approximately 50 million barrels of oil and petroleum products.
According to analysts, Iran is continuing its pre-war tactic of supplying oil to independent Chinese refineries. Earlier, nine Iranian tankers subject to sanctions went into “stealth mode” near Malaysia, transporting $989 million worth of oil, according to Vortex estimates.
Source: OilPrice.com
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