Economics
Iran Crude Oil Exports Drop 40 Percent Amid Sanctions, ISNA Says
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Iran’s crude oil shipments plunged 40 percent in the last nine months, state-run Iranian Students News Agency reported, in a rare acknowledgment that international sanctions are crimping the country’s most lucrative export.
Iran will export an estimated 1.5 million barrels a day in the Iranian year starting March 21, said Gholamreza Kateb, a spokesman for the parliamentary planning and budget committee, according to ISNA. Kateb, who didn’t provide comparable sales data for the current Iranian year, based his comments on a report Oil Minister Rostam Qasemi presented to the nation’s parliament, the agency reported today.