Iranian crude oil
Coverage of Iranian crude oil in the Nexus archive.
- Iranian oil option returns for Pakistan
Pakistan may resume importing Iranian crude oil as US sanctions ease, but technical and commercial challenges like high furnace oil yield and limited domestic demand persist. Local refineries previously imported Iranian oil until sanctions halted purchases, and upgrades are needed to process heavy crude effectively.
- Iranian Crude Oil Exports Surge Via Hormuz as More Ships Transit
Iranian crude oil exports have increased, with more ships transiting the Strait of Hormuz. The Elva (white), Vigor (red), and Virgo were observed entering the strait early Monday.
- Vance says US allows more than dozen ships through to Iranian ports, lifting blockade under deal
Vice President JD Vance announced the U.S. Navy allowed over a dozen ships to Iranian ports, lifting a blockade as part of an agreement to end hostilities. The deal includes reopening the Strait of Hormuz, resuming oil shipments, and a 60-day period for negotiations on Iran’s nuclear program.