Iran says oil exports hit highest level since reimposition of U.S. sanctions – Tasnim – Reuters.com

Iran says oil exports hit highest level since reimposition of U.S. sanctions – Tasnim – Reuters.com

DUBAI, March 12 (Reuters) - Iran's oil exports have reached their highest level since the reimposition of U.S. sanctions in 2018, the country's Oil Minister Javad Owji said on Sunday, according to the semi-official Tasnim news agency.

Following the United States' exit from a 2015 nuclear deal and its reimposition of sanctions on Tehran in 2018, Iranian oil exports and revenues have taken a significant hit as few countries - with the notable exception of China - continue to purchase Iranian crude.

The oil minister said that 83 million more oil barrels in the current year starting 21st March 2022 were exported compared to the previous Iranian year running March 2021-2022.