Iran records new oil exports high despite sanctions, war
Iran’s crude oil and condensate exports hit a new record high over the past 12 months despite the imposition of 14 new US sanction packages totaling 465 measures, including the largest oil sanctions since 2018.
Oil exports, a vital driver of Iran’s economy, account for 30 to 40 percent of government revenue and fund infrastructure, industrial development and social programs. They also serve as a strategic tool in Iran’s international relations and energy diplomacy, a report by the news service of the Iranian oil ministry said on Monday.
Over the past 12 months, the Iranian oil industry not only maintained but also increased exports through strategic planning and resource management, recording new highs even under intensified sanctions.
The US Treasury imposed its 14th package of sanctions on Aug. 8, targeting mainly the transport sector with 147 measures. Despite these restrictions, Iran’s crude and condensate exports in the first four months of 2025 averaged 21,000 barrels per day more than the same period a year earlier.