Iranian Crude Exports Fall Further As Trump’s Sanctions Loom

Turkey and Italy are the last buyers of Iranian crude outside China, India and the Middle East, according to tanker data and an industry source, the latest sign that shipments are taking a major hit from looming U.S. sanctions.

The Islamic Republic has exported 1.33 million barrels per day (MMbbl/d) so far in October to India, China, Turkey and the Middle East, according to Refinitiv Eikon data. No vessels are shown heading to Europe with Iranian crude.