Economics
Iran's Reliance on Own Oil Tankers Grows Even as Flows Slump
- Oil exports fall 15 percent in three months as sanctions bite
- Iran’s tankers return to Red Sea route to maintain deliveries
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It is still nearly three months until U.S. sanctions on Iran’s oil exports snap back into force, but they are already having a big impact on the Persian Gulf country’s trade.
The nation’s outflow has fallen, and Iran is having to rely more on its own fleet of tankers to carry oil to its customers, according to ship-tracking data compiled by Bloomberg.