Iran's Oil Exports Hit 6-Year Low Amid U.S. Naval Blockade, Costing $6B in Revenue

According to Kpler shipping data, Iran's crude oil and condensate exports fell to less than 300,000 barrels per day in May, marking the lowest level since late 2019 to early 2020. The blockade has reduced exports from roughly 2 million barrels per day before the U.S. naval operations, resulting in approximately $6 billion in lost oil revenue.
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