Iran's Crude Oil Exports Plunge Amid Geopolitical Tensions

Iran's crude oil exports have significantly slowed in October, with volumes dropping to around 600,000 barrels per day in the first 10 days, marking a sharp decline from recent months. The slowdown comes as the country braces for potential retaliation following rising geopolitical tensions.

Reports indicate that only 3-4 tankers were loaded during this period, compared to the usual 5-8. Additionally, satellite images and data from TankerTrackers showed that Iran has relocated several empty tankers from Kharg Island as a precautionary measure, further disrupting export activities. The reduction in shipments highlights the impact of regional instability on the cou

ntry's oil sector.