Oil and energy

Trump: The United States Has Prevented Iran from Exporting Oil

U.S. President Donald Trump said on Thursday that the United States had prevented Iran from exporting oil through a naval blockade, adding that he would soon make a major decision concerning Tehran. Ship-tracking data showed that no new Iranian crude shipment had crossed the blockade line in the past 60 days.

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Trump: The United States Has Prevented Iran from Exporting Oil

U.S. President Donald Trump said on Thursday that the United States had prevented Iran from exporting oil, expressing strong satisfaction with the naval blockade imposed on it, as ship-tracking data indicated that new Iranian crude shipments had stopped crossing routes covered by the blockade.

Trump added that he would soon make a major decision concerning Iran, saying: “We may have to resume large-scale military operations against Iran.” He continued: “The decision to eliminate the Iranian regime is a major one, and all possibilities are on the table.”

New shipments have stopped crossing

Data from TankerTrackers, which specializes in tracking oil tankers, showed that no new Iranian crude oil shipment had crossed the U.S. naval blockade line in the area between the Gulf of Oman and the Arabian Sea during the past 60 days.

Pressure on Iranian oil revenues

A report based on data from Kpler said the U.S. naval blockade, together with declining Iranian oil stocks moved out of the Arabian Gulf before the blockade began, was putting heavy pressure on Iranian oil revenues.

Data from Kpler, Vortexa and TankerTrackers in early September showed that, since the U.S. blockade resumed on July 14, no new Iranian crude oil shipment had been able to pass through the Strait of Hormuz and head to China.

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