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The United States says it has removed 2.7 million barrels of Iranian oil

August 20, 2019

WASHINGTON, Aug. 20 (Reuters / EP) –

The tightening of sanctions against Iran by the United States has resulted in the market's release of nearly 2.7 million barrels of oil, according to US Secretary of State Mike Pompeo, who has advocated continuing along the same lines. .

Washington recovered the punitive measures against Tehran in November 2018, after dissociating itself from the nuclear agreement signed in 2015 and which raised the repeal of the sanctions in exchange for the Iranian authorities accepting a battery of limits to the development of its atomic industry.

“We have managed to eliminate almost 2.7 million barrels of oil from the market, denying Iran the wealth to create its worldwide terrorist campaign and we have managed to keep the oil markets fully stocked,” Pompeo has held in an interview with MSNBC.

The exact level of Iranian exports is difficult to fix precisely because of the reactivation of US sanctions, so estimates are only available. Iran exported around 100,000 barrels of crude oil in July, according to an industry source and data from Refinitiv Eikon, although the figure would rise to 120,000 if condensate is included.