Iran Oil Exports Hold Near 1.5–1.6 Million Barrels a Day Amid Strait of Hormuz Disruptions
The source says Iran is generating about $140 million a day from oil exports as prices move above $100, with most shipments reportedly going to China at discounted prices.
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Terms & Concepts
Barrels per day (bpd): A standard oil-market measure showing how many barrels of crude are exported or produced each day.
Strait of Hormuz: A critical Middle East shipping chokepoint through which a large share of global oil seaborne trade passes.
Sanctions: Government-imposed economic restrictions intended to limit trade, finance, or other activity with a country or entity.