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(Bloomberg) — Iran struggled to get energy exports past the US Navy’s blockade last month, with around 80 million barrels of oil and petrochemicals stranded in waters behind the line, according to a US non-profit advisory group.
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No Iranian crude exports passed through Washington’s blockade of the country in May, United Against Nuclear Iran said in a report viewed by Bloomberg News. However, the Islamic Republic did manage to ship four cargoes of naphtha totaling 2 million barrels and smaller volumes of liquefied petroleum gas, it said. That compares with more than 59 million barrels of oil and fuel exports in February, before the war began.
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UANI only counts vessels that have crossed the US blockade line that runs from the easternmost point of Oman to the Iran-Pakistan border, rather than crossings of the Strait of Hormuz.
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Tehran’s inability to export oil underscores the effectiveness of American efforts. For years, Iran relied on a vast network of vessels deploying shadowy tactics to deliver its crude and oil products, mostly to China. But Washington’s maritime operation, which began on April 13, has so far disabled six commercial vessels and redirected 122, according to a US Central Command social-media post on Tuesday.
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“Iran’s once robust sanctions-busting network has been reduced to a trickle of small, high-risk voyages while the bulk of its oil sits idle offshore,” UANI said in the report.
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Around 69 tankers of various sizes laden with about 80 million barrels of Iranian oil and petrochemicals are currently in the Persian Gulf or the Gulf of Oman within the blockade line, the group said. Clusters of vessels have formed around Kharg Island, from where the Islamic Republic exports most of its crude, and off Chabahar, an Iranian port near the Pakistani border.
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Iran exported around 30 million barrels of oil and fuel in April and about 36 million barrels in March, according to UANI.
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