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Iran Frees Up Floating Storage Fleet in Recent Export Surge

OIL

Earlier figures showed record volumes of disguised Iranian and Venezuelan barrels arriving into China via Malaysia in May.

  • Iranian barrels have also been reaching China in recent months disguised as “Omani” and “Iraqi” helped by bogus paperwork and AIS spoofing according to TankerTrackers.
  • Iranian crude exports rose to ~1.6mn bpd last month, the highest pace since March 2021.
  • See attached timeline of Iranian crude exports according to Tankertrackers.

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