Iran's crude oil exports fell 84% in May compared with the previous month and were 87% below their 12-month average through the end of April, according to shipping industry journal Lloyd's List.
The publication said the sharp decline came amid intensified US pressure on Iran's oil-export network and continued disruption to shipping in the region.
Lloyd's List also reported that Tehran has increasingly relied on smaller tankers to move crude, as Very Large Crude Carriers (VLCCs) face a higher risk of interception by US forces.
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