economy
Iran Resumes Oil Shipments from Kharg Island Export Terminal After US Blockade Lifted
Iran has resumed crude oil shipments from its export terminal on Kharg Island, according to Bloomberg. Vessel tracking data shows three tankers, each capable of carrying approximately 2 million barrels, are docked at the Sea Island terminal. At least 20 other tankers of various sizes are anchored east of Kharg, indicating Iran has additional crude oil ready for export from the Persian Gulf. Shipments from the Kharg Island terminal had been halted for about six weeks due to a US blockade of Iranian ports.
TL;DR
- Iran has resumed crude oil shipments from its export terminal on Kharg Island.
- The terminal had been closed for approximately six weeks due to a US blockade.
- Three tankers are currently docked at the Sea Island terminal, with 20 more anchored nearby.
- A preliminary agreement between the US and Iran, signed on June 17, involved the immediate cessation of the naval blockade.
- Talks between US and Iranian representatives, with Qatar's participation, are underway regarding a ceasefire in Lebanon and Tehran's frozen assets.