Iran's seaborne crude exports remain at zero in October: Vortexa
Summary
Iran’s crude oil exports dropped to zero in October after experiencing a significant decline in September, as reported by Vortexa. This downturn followed a 14-day average of 230,000 barrels per day at the beginning of September, with no shipments occurring since the second week of that month. The US blockade measures are cited as a central factor in this drop, preventing Iranian crude from passing through the Strait of Hormuz, while Iranian liquefied petroleum gas exports also saw a 48% decrease, marking the lowest levels since at least January 2023.
Analysis
Iran: Iran is a major oil-producing country in the Middle East. Its seaborne crude exports collapsed to zero in early September and have remained at that level into October amid ongoing US blockade measures. Vortexa data also shows a sharp drop in the country’s liquefied petroleum gas shipments during the same period. Vortexa: Vortexa is an energy intelligence platform that tracks global oil, gas, and tanker movements. It provided the latest assessment confirming Iranian crude exports stayed at zero as of early October. The platform additionally monitors volumes of Iranian crude held in tankers, including those affected by the US blockade. Energy Exports: Iranian liquefied petroleum gas shipments have declined markedly alongside the halt in crude exports. Sanctions Impact: US blockade measures continue to prevent Iranian crude from moving through the Strait of Hormuz.
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macropolitics