Iran’s oil lifeline could run dry by mid-December, Kpler says

 

For the first time in Iran’s history, revenue from crude oil and condensate exports could dry up entirely by mid-December if the US blockade remains in place, according to the head of crude oil analysis at Kpler.

“Revenues from crude and condensate will drop to zero for the first time ever,” Homayoun Falakshahi told Iran International's Eye for Iran, warning that Tehran could lose between $3 billion and $6 billion in monthly oil income.

That makes December the critical month as the last Iranian oil shipments already outside the blockade zone make their way to Chinese buyers.

According to Kpler, just eight million barrels of Iranian crude remain on the water outside the blockade, down from nearly 90 million barrels in mid-July. Falakshahi expects those remaining shipments to be discharged by around October 18.

https://www.iranintl.com/en/202610104788