U.S. sanctions hit Iran’s oil exports

U.S. sanctions against Iran’s crude and condensate exports have cut shipments, but China and India – the two biggest buyers of Iranian crude – are expected to keep purchasing oil from Iran

China	India	Japan	South Korea	Europe	Rest of world

Iran’s oil exports down 39% since April

July: South Korea ends imports


Million barrels per day	
	2.11	2.51	2.54	2.83	2.73	2.58	2.39	1.98	1.72
3.0
	
2.5	0.32	0.29		0.47	0.38	0.40	

2.0	0.45	0.39	0.48	0.54	0.55	0.38	0.26	0.39	0.36

1.5	0.36	0.35	0.58	0.27	0.19	0.25	0.32	0.32	0.30

1.0	0.14	0.19	0.29	0.16	0.10	0.17	0.18	0.18	0.04

0.5	0.39	0.58 	0.48 	0.66 	0.74 	0.71 	0.79 	0.41 	0.49

0	0.45 	0.71 	0.71 	0.73 	0.77 	0.67 	0.84 	0.68 	0.53
	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep


Sources: Bloomberg Tanker Tracking, Reuters

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