Tehran’s Oil Exports Remain Resilient as Iranian Crude Passes Hormuz

Iran’s oil exports haven’t collapsed since the war in the Middle East began—Tehran continues to ship its oil through the Strait of Hormuz while targeting and warning tankers carrying crude from its Gulf neighbors that their ships would be blown up if they attempt to cross the Strait. Since March 1, the day after the U.S. and Israel started bombing Iran and killed the Ayatollah, Iran’s crude oil exports have averaged around 1.2 million barrels per day (bpd), according to data from Kpler cited by Bloomberg. That’s…