Iran Oil Exports Hit Record High Despite Sanctions and Conflict

September 2, 2025 7:22 PM

Iran Oil Exports Hit Record High Despite Sanctions and Conflict

Iran’s crude oil and condensate exports have reached a new high over the past 12 months despite the imposition of 14 U.S. sanction packages totaling 465 measures, including the toughest oil-related restrictions since 2018. According to the Iranian Oil Ministry’s news service, oil exports remain a critical driver of the economy, accounting for 30 to 40 percent of government revenue and supporting infrastructure, industrial development, and social programs, while also serving as a key instrume...

India’s trade deficit widens in August amid decline in crude oil exports: CRISIL report

September 20, 2024 11:03 AM

India’s trade deficit widens in August amid decline in crude oil exports: CRISIL report

India's trade deficit widened in August, primarily due to a decline in oil exports caused by falling crude prices, according to a recent report by CRISIL. The report highlights that the drop in crude oil prices, a key export commodity for India, has significantly impacted the country's overall export performance. Petroleum products remain a major component of India’s exports, with key destinations including the Netherlands, Singapore, Australia, and South Africa, as per Ministry of Commerce d...