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FinancialNews


  • 20-09-18

    Iran sees sharp 35 percent decline in crude exports

    (MENAFN) Iran has reportedly recorded a significant decline in its crude exports of 35 percent, amid tensions of the looming US sanctions.

    Speaking to Bloomberg, Roger Diwan of IHS Markit pointed out that "Iranian oil exports are coming down pretty hard."

    Diwan, in the report, hailed the US decision to pull out of the Iran nuclear agreement, describing it as a "big win for [US President Donald] Trump."

    The Bloomberg report is further expecting more considerable shrinks to hit Iran's oil exports following November, when the US sanctions are set to be imposed.

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