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The Nexus
BUSINESSJul 2 · 07:54 UTCMIDDLE EAST EYEElis Gjevori

Iran’s oil exports gain pace after US sanctions waiver

Iran’s oil exports are increasing after the US sanctions waiver, with over 20 million barrels of crude waiting in Asian waters, a 18% weekly rise. Most cargoes lack confirmed destinations, with many heading to Singapore or indicating possible ship-to-ship transfers in the Malacca Strait. The 60-day relief aims to boost Iran’s revenue and strengthen its economic position in negotiations with the US.

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IranplaceUnited StatesplaceSingaporeplaceMalacca StraitplaceBloombergorganizationVortexaorganizationSanctions waivertopicship-to-ship transferstopic
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