Iran exported 70 million barrels
Photo: Razieh Poudat/AP/TT

Iran exported 70 million barrels of oil during brief ceasefire, report says

Iran rushed to export oil during the brief ceasefire with the United States that collapsed a week ago, writes The Wall Street Journal.

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Iran's economy is in its worst shape since the revolution, so every dollar of revenue matters, Jonathan Panikoff, a Middle East expert at the Atlantic Council think tank, told the business magazine.

Iran received cargo worth around $6 billion, equivalent to around SEK 58 billion, during the weeks that the fragile ceasefire lasted.

A total of 70 million barrels of oil were exported, according to estimates from the US-based lobbying organization United Against Nuclear Iran (UANI) and independent oil analysts.

Oil revenues provide Iran with a valuable buffer now that the US has reimposed a blockade on all maritime traffic to and from Iran's ports, the business newspaper writes.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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