Sanctions choke Iran's crude sales, but oil product exports booming

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While U.S. sanctions on Iran's oil industry have slashed the OPEC member&#0...

LONDON - While U.S. sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80%, oil product sales from the Islamic Republic remain strong at nearly $500 million a month, shipping data and Reuters calculations show.

Iran’s product exports reached their highest level in August, oil minister Bijan Zanganeh was quoted as saying by a lawmaker after a parliamentary meeting on Aug. 27. “In exports of products we have no problem,” Zanganeh was cited as saying. “The irony is: if not for the U.S.-China trade war, the U.S. would have greatly benefited from this uptick in Chinese demand as a means of mopping up its overabundance of LPG supplies, thanks to shale,” she added.

 

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USAdarFarsi SecPompeo Really? I thought you have blocked every way out!! who buy them?Of course it is pouring into terrorist'pockets not Iranians!

nope-- circumvent

So who's buying from them and why trump isn't doing anything about it?

Can you stop messing around and tell people the truth, far from George Source?💦 georgesoros

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