Iranian oil exports reached a maximum at the end of 2022

The last two months of 2022 showed a new high for Iranian oil exports. According to companies that track oil flows, U.S. sanctions have had almost no effect on it. Exports are holding steady in 2023, and shipments to China and Venezuela are increasing their values.

Recall that in 2018, former U.S. President Donald Trump initiated an exit from the nuclear agreement of 2015, and then imposed sanctions again. Since then, Tehran's oil exports have been restricted. The sanctions included oil exports and related revenues of the Iranian government.

His successor, Joe Biden, took over the board and wanted to revive the nuclear deal and exports rose. Delayed negotiations and competition from Russian oil, which trades at a discount, have had no effect on exports; it continues to grow.

According to energy consultant SVB International, Iran's value of crude oil exports in December is the highest in 2022. Its average for November was 42,000 barrels per day less than in December. In December, it amounted to 1.137 million barrels per day.