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Iran likely shipped 12 million barrels after U.S. oil waiver ended

Bloomberg-linked vessel tracking data cited by OilPrice shows Iran moved crude while U.S. ports and cargoes were placed under renewed restrictions.

Reported · Written up by our desk · Energy

Iran likely shipped about 12 million barrels of crude oil in the week between the end of the U.S. waiver on Iranian oil sales on July 7 and July 14, as the United States announced a renewed blockade on Iranian ports and oil cargoes, according to OilPrice. OilPrice says Iranian attacks on three commercial vessels in the Strait of Hormuz on July 7 triggered an immediate U.S. response that included U.S. military strikes and the Treasury canceling the waiver that was set to run until August 21.

After the waiver was rescinded, the outlet reports that at least a dozen million barrels were moved out of Hormuz, citing vessel-tracking data compiled by Bloomberg that shows six sanctioned supertankers transited the Strait of Hormuz outbound to the Gulf of Oman with transponders switched off, described as operating in so-called dark mode.

OilPrice also points to a broader movement in the period between the two U.S. blockades, estimating that from mid-June through July 13 Iran likely moved about 57 million barrels of crude oil out of the Persian Gulf, supported by shipments into waters near the Malacca and Singapore straits.

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