Iran’s crude exports to China are likely to rise as the US appears to be taking a softer line on sanctioned cargoes amid Opec+ production cuts, according to analysts.
Iranian crude exports peaked this year at 1.54m barrels per day (bpd) in May — the highest level for nearly five years, according to Kpler data.
They have since dipped but remain at some of their highest levels since the US pulled out of a deal that had ended sanctions in return for controls on Iran’s nuclear programme.
