Iran Oil Exports Creep Up as Trump’s Maximum Pressure Fades
- Consultants see up to 50,000 barrels a day more this month
- Gains are piling up as President Biden seeks new nuclear deal
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With the U.S. campaign of “maximum pressure” now over, Iran’s oil customers may be growing a little bolder.
Iranian crude remains subject to American sanctions and exports are still just a fraction of levels seen three years ago, before Donald Trump cracked down to cajole Tehran into renegotiating a nuclear pact. But as new president Joe Biden seeks to revive the existing accord, firms that monitor Iran’s output -- Petro-Logistics SA, Kpler Ltd. and SVB International LLC -- have seen it creep higher.