CatalystGeopolitics
IRAN ECONOMY IS GRAPPLING UNDER THE U.S . BLOCKADE . BUT IT STILL REPORTEDLY MANAGED TO EXPORT SOME FUEL .
Iran reportedly exported fuel despite U.S. blockade straining its economy.
Context
What happened: Iran exported some liquefied petroleum gas and jet fuel despite the U.S. blockade, using ship-to-ship transfers off Oman, according to a Reuters report.
Key numbers: At least eight LPG tankers crossed the Gulf of Oman since mid-July; one jet fuel cargo reached Myanmar in September. President Masoud Pezeshkian called it the worst crisis since the 1979 revolution.
Why it matters: Volumes remain a fraction of pre-war levels, so revenue falls far short of prior levels. Treasury imposed new sanctions on Iran's shadow fleet under Operation Economic Outcast.
What changed
Iran exported some liquefied petroleum gas and jet fuel despite the U.S. blockade, using ship-to-ship transfers off Oman, according to a Reuters report.
Why it matters
Volumes remain a fraction of pre-war levels, so revenue falls far short of prior levels. Treasury imposed new sanctions on Iran's shadow fleet under Operation Economic Outcast.