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Iran's Oil Exports Surge
(Washington Post) Joby Warrick - Iran's oil trade is on the rise again. Independent analysts calculated that Tehran exported 1.2 million barrels of oil a day in September, and nearly as much in October. That's less than half the amount Tehran was selling in 2018, but it is dramatically higher than the 70,000 barrels reported in April. Iran conceals the bulk of its oil trade through subterfuge, by changing the names and registrations of oil tankers, or through clandestine transfers of crude oil or liquefied petroleum gas between vessels in the open sea. A substantial share of the black-market oil eventually ends up in China. Much of the rest is hauled overland through Turkey or transferred to Iraq to be relabeled and sold as Iraqi oil.