- 10 Jul
By INU Staff
INU - US sanctions have so far successfully managed to cut off at least 2.5 million barrels of oil per day in exports from Iran. Better yet, due to the risks that buyers are taking by purchasing Iranian oil (i.e. being cut off from the US financial market), Iran is having to sell it at well below market value. And on top of all that, it is now costing Iran more to ship their oil as most shipping companies won’t take their business and tankers are having to take convoluted routes.