Iranian crude oil exports declined in May as the country prepared for the return of US sanctions, according to figures gathered by the energy consultancy Petro-Logistics.
Iran said it exported an average of 2.6 million barrels a day (b/d) in April.
This is thought to have declined to around 2.5 million b/d in May.
US President Donald Trump announced America’s withdrawal from the 2015 nuclear agreement on 8 May.
Trump’s decision started a countdown for the return of US sanctions on Iran.
While many of these sanctions will return 90 days after Trump’s announcement, on 6 August, the sanctions that focus on oil and the broader energy sector will return after 180 days, 4 November.
Currently the biggest importer of Iranian oil is China, followed by India, South Korea and Turkey.
Together the top four consume more than 60 per cent of Iran’s exports.
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