Thursday, June 04, 2026
Despite the US imposing sanctions on Iran in November, Opec’s third-largest producer has been exporting much more oil than widely reported, according to the Economist Intelligence Unit. The EIU report "Turbulent times: Measuring real-time shifts in a volatile oil market" suggests Iran’s oil exports continued at around two million barrels per day in October-November, notably higher than the 1.0 to 1.5 million bpd previously reported. The EIU report is based on research by CargoMetrics, which used satellite imagery and other means to track Iran’s "unofficial" exports.
