U.S. Sanctions Cut Iran's Seaborne Crude Exports to Zero in September

U.S. maritime sanctions have cut Iran's seaborne crude oil exports to zero since the second week of September, with no recovery as of October 5. Iran's offshore oil storage has fallen to 83 million barrels, with 43 million stranded west of the Strait of Hormuz. Russia's crude exports rose 6% month-over-month to 3.79 million barrels per day in September.