š¶ complete cessation of Iran's oil exports; Inflation, pressure on the currency and the people's table
Report by Murad Rahmati
US Treasury Secretary Scott Bessant says Iran will probably deliver the last of its oil shipments to China in the next two weeks, and after that it will have "no platform to trade".
According to the US Treasury Secretary, about 15 million barrels of Iranian oil, which were loaded earlier, are still on the way for delivery.
At the same time, the Oil and Commodity Data Processing Company (Kepler) announced on Monday, October 6 (September 28), that crude oil exports from the major producers of the Middle East in September reached approximately 12.8 million barrels per day; The highest rate since the beginning of the war. Exports through the Strait of Hormuz also increased to about 7.4 million barrels per day.
Most of the recent growth in oil exports has come from other countries in the Persian Gulf, particularly Saudi Arabia.
As a result, two processes occur simultaneously; More oil enters the world market from the Persian Gulf, while Iran's oil exports are very limited. In an interview with Ahmed Alavi, economist and professor at the university, and Humion Falkshahi, a senior expert at Kepler Oil and Commodity Data Processing Company, Deutschhall examined the dimensions of the latest developments in the oil market and the consequences of the decline in Iran's oil exports on the country's economy and the livelihood of the people.
š Read the full text of the report on the DW Persian website.