Iran exported 30 million barrels of crude oil one week before the US sanctions waiver.

Golden Ten Data reported on June 23 that as the United States lifted sanctions on related goods and allowed more countries to purchase, Iranian crude oil has once again poured into the global market in large quantities. Over the past week, more than 30 million barrels of crude oil were shipped to Asia, including both previously blocked oil by the US and crude exported from Kharg Island, Iran’s largest export facility in the northern Persian Gulf. In the long term, this surge in exports is mainly due to the clearance and release of previously blocked goods, so Iran’s export pace may decline again afterwards. The current transport level of about 2 million barrels per day is already relatively high for Iran in recent years. However, this short-term spike could still benefit Tehran, as the expansion of sanctions exemptions has increased the pool of potential buyers, enabling it to boost sales with smaller price discounts.