-
Iran Oil Exports Creep Higher as Trump’s Maximum Pressure Fades
With the U.S. campaign of “maximum pressure” now over, Iran’s oil customers may be growing a little bolder. Iranian crude remains subject to American sanctions and exports are still just a fraction of levels seen three years ago, before Donald Trump cracked down to cajole Tehran into renegotiating a nuclear pact. But as new president Joe Biden seeks to revive the existing accord, firms that monitor Iran’s output -- Petro-Logistics SA, Kpler Ltd. and SVB International LLC -- have seen it creep higher. “The output and export increase is an anticipation of Biden’s softer approach toward Iran,” said Sara ... (full story)