Iran Sends First Oil Shipment to Europe Since Sanctions End

Iranloaded its first cargo of oil to Europe since international sanctions ended, signaling more supplies will add to the global glut of crude.

A tanker for France’s Total SA was being loaded at Kharg Port while vessels chartered for Chinese and Spanish companies were due to arrive later Sunday, an Iranian oil ministry official said. A tanker hired by a Russian company hadn’t arrived, and was still expected, the official said. The official didn’t identify the companies that had hired the other three tankers and didn’t name the vessels. Total declined to comment.