Iranian oil Archives - Oil & Gas 360

Thailand, Iranian oil, and the economic cost of sanctions and war

April 23, 2026

(Oil & Gas 360) By Greg Barnett, MBA – Thailand’s recent decision to explore crude supply options with Oman reflects not a collapse in access to Iranian oil, but a deeper vulnerability to the geopolitical architecture surrounding it. Thailand does not meaningfully import Iranian crude. However, the U.S.–Iran war, combined with Washington’s tightened maritime blockade and secondary sanctions, has exposed how

Iranian oil flows through Strait of Hormuz even as Gulf neighbors’ exports shut

March 12, 2026

(BOE Report) – Iranian crude oil has continued to flow through the Strait of Hormuz at a near-normal pace even as Tehran-linked attacks on ships in the narrow waterway have decimated exports from other Gulf countries, a Reuters review of tanker tracking data showed. Iran has exported about 13.7 million barrels of crude oil since Israel and the U.S. launched

U.S. steps up sanctions on Chinese imports of Iranian oil

July 31, 2025

(Oil Price)– The U.S. has sanctioned a fourth oil import terminal in China for receiving Iranian oil cargoes as the State Department expanded sanctions against entities involved in trade with Iran. The U.S. Department of State designated a fourth China-based crude oil and petroleum products terminal, Zhoushan Jinrun Petroleum Transfer Co Ltd, as it “has a demonstrated pattern of accepting Iranian crude

U.S. sanctions disrupt Chinese teapots’ purchases of Iranian oil

May 8, 2025

(Oil Price) – Independent Chinese refiners have started to experience difficulties in procuring cheap Iranian crude oil while others have stopped purchases from Iran, after the United States sanctioned two independent refiners in the past two months, sources with knowledge of the issue have told Reuters. Chinese crude oil imports topped 12 million barrels per day (bpd) in March, the highest volume

Key Chinese ports ban oil tankers sanctioned by the U.S.

January 7, 2025

(Oil Price) – Shandong Port Group, operator of key oil ports used by China’s independent refiners, has prohibited access and services to tankers sanctioned by the U.S. Treasury, a move that could curb Chinese oil imports and raise costs for local refiners, trade sources have told Reuters. Shandong Port Group has issued a notice, seen by the trade sources, banning ports from

Tankers that carried Iranian oil are switching to Russian crude

July 22, 2022

World Oil (Bloomberg) — Oil tankers that previously carried Iranian oil are switching to haul Russian crude, according to shipping analytics company Vortexa. Eleven of the tracked ships that previously carried Iranian crude have loaded Russian oil and products since April, accounting for 16 loadings in that period, according to a note dated July 21. Most of the vessels are smaller

Iranian Parliament Officially Labels U.S. Forces a Terrorist Group

April 23, 2019

Iranian parliament officially labels U.S. CENTCOM a terrorist group

State Department’s Hook Stresses Zero Iranian Exports: Says No More Waivers for Buyers of Iran’s Oil

January 15, 2019

From Bloomberg U.S. balancing security and economic interests with sanctions The U.S. plans to grant no new waivers to buyers of Iranian oil as it intensifies efforts to eliminate the Middle Eastern producer’s exports of crude, a senior official said. U.S. sanctions have so far cut Iran’s exports to about 1 million barrels a day from a level of 2.7

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