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Iran's crude oil export drops below 1 million barrels

The US sanctions against Iran have hit the country's oil export, which according to Lloyd's List has dropped to less than 1 million barrels of crude per day.

Photo: Bloomberg

The US sanctions against Iran are starting to hurt the country's oil export. According to data gathered by Lloyd's List, Iran's crude oil export dropped to less than 1 million barrels per day in November.

This marks a significant decline compared to January last year when Iran, according to the media, exported an average of 2.5 million barrels per day. Meanwhile, crude oil imports have dipped to a five-year low among Asian countries such as China, India, Japan and South Korea.

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