According to澎湃, Kpler data shows that U.S. naval blockades have reduced Iran’s crude oil and condensate exports in May to below 300,000 barrels per day—the lowest level since late 2019 to early 2020. Previously, exports had approached 2 million barrels per day. At an estimated price of $90 per barrel, Iran’s daily export revenue in May amounted to approximately $270 million, with total revenue reaching about $8.37 billion—significantly lower than $5.13 billion in March and $3.62 billion in April. Al Jazeera reports that, based on March revenue levels, Iran has lost approximately $5.8 billion in April and May.
Iran's May crude oil exports fall to a six-year low amid U.S. naval blockade
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Summary
Iran’s crude oil exports in May fell to under 300,000 barrels per day, the lowest level since early 2020, according to Kpler data cited by AiCoin. A U.S. naval blockade is reportedly responsible for the sharp decline, as exports had previously reached nearly 2 million barrels per day. At $90 per barrel, Iran earned approximately $27 million per day in May, totaling $837 million—down from $51.3 billion in March and $36.2 billion in April. Al Jazeera noted that, at March’s revenue levels, Iran lost $5.8 billion in April and May. Rising inflation and evolving trade dynamics continue to affect global markets, with crypto news observers monitoring energy price volatility.
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