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Source: https://www.washingtoninstitute.org/policy-analysis/irans-oil-exports-are-vulnerable-sanctions
Iran's Oil Exports Are Vulnerable to Sanctions
(Washington Institute for Near East Policy) Henry Rome - In recent months, Iran has increasingly engaged in violations of UN resolutions and international norms, from sending weapons to Russia for use against Ukraine, to brutally suppressing mass protests at home, to advancing its nuclear program in irreversible ways. The Biden administration has not rigorously enforced its predecessor's sanctions on Iran's energy sector. Taking a stronger approach could impose greater costs on Tehran for its nuclear, regional, and domestic policies. Over the past three months, Iran's oil exports averaged between 810,000 and 1.2 million barrels per day. While far below the 2.7 million bpd Iran was exporting in early 2018, they are much higher than May 2019, when oil import waivers expired and Iranian exports fell to 500,000 bpd. The writer is a senior fellow at The Washington Institute.