To read this content please select one of the options below:

Iran oil blockages risk military escalation

Monday, October 28, 2019

Significance

US-imposed sanctions have slashed oil exports, which are now nearly all to China. Output remains robust but is running up against the limits of national storage.

Impacts

  • Oil exports will be volatile and hard to track, as Iran seeks new means of evading sanctions.
  • Oil production may have to be cut further within a few months due to the filling of storage.
  • In the case of an agreement with Washington, bounceback of production and exports could be swift.

Related articles

Expert Briefings logo