|
Trending Topics
|
Iran's Oil Exports Continue to Surge
(The Hill) Saeed Ghasseminejad and Behnam Ben Taleblu - Despite sanctions and war, the Islamic Republic of Iran's oil exports continued to surge in the first six months of 2025. According to Tankertrackers, Iran exported 1.7 million barrels per day in June 2025 of crude oil, condensates, and fuel oil, resulting in a total of more than 50 million barrels worth $3.6 billion. These revenues will be used to fund oppression at home and aggression abroad, as well as to rebuild Iran's shattered air defenses, missile capacity, and terror networks. 92% of these exports were destined for China, while 6% went to the UAE. 80% of these shipments came from the oil export terminal at Kharg Island, which continued operating during the 12-Day War. Despite a few symbolic strikes against energy depots and refineries, Israel largely avoided striking Iran's major oil and gas production and export facilities. Saeed Ghasseminejad is a senior advisor on Iran at the Foundation for Defense of Democracies, where Behnam Ben Taleblu is senior director of the Iran program.