Report: Iranian Oil Exports Halted This Month Due to U.S. Blockade

Al-Taj News – A report issued by energy intelligence platform Vortexa indicated that the U.S. blockade halted Iranian crude oil exports in October, after they declined sharply in the second week of September.

In September, oil flows from the Gulf region, excluding Iran, increased to more than 81% of pre-war levels, driven by a recovery in Saudi exports.

Vortexa explained that Iran’s seaborne crude oil exports fell to zero in the second week of September, after averaging 230,000 barrels per day over a 14-day period at the beginning of that month, and remained at this level until October 5.

Meanwhile, the amount of Iranian crude oil aboard tankers in waters declined to 83 million barrels, with 43 million barrels remaining stranded west of the Strait of Hormuz due to the U.S. blockade.

Claire Youngman, Head of Marine Risk at Vortexa, said, “The blockade is achieving what years of sanctions could not. It has effectively prevented Iranian crude oil from leaving the Gulf.”