The Islamic Republic of Iran suffered a devastating blow in May, with the American blockade and sanctions biting deep into the regime’s bottom line. Iran exported zero crude oil in the month and only 2 million barrels of naphtha, equaling roughly 64,000 barrels per day (bpd), per data from Tanker Trackers. That is down from just over 2.1 million bpd in February, the last full month before the war with the United States and Israel began.
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