Iran Resumes Kharg Oil Exports With 3 Tankers After 6-Week US Blockade Ends
Updated
Updated · Bloomberg · Jun 20
Iran Resumes Kharg Oil Exports With 3 Tankers After 6-Week US Blockade Ends
3 articles · Updated · Bloomberg · Jun 20
Summary
Three very large crude carriers — each able to haul about 2 million barrels — are now moored at Kharg’s Sea Island terminal, signaling Iran has restarted crude loading after roughly six weeks.
The restart followed the lifting of a US Navy blockade of Iranian ports, with an interim US-Iran deal reopening supply lines for exports.
Kharg’s return adds another sign that Iran is moving to ship millions of barrels back into the market as restrictions ease.