Iran’s crude oil exports plunged to 1.1 million bpd in the first seven days of October, sliding further down from 1.6 million bpd in September as we are just four weeks away from the return of the U.S. sanctions on Iran’s oil, Reuters reported on Monday, citing tanker tracking data and an industry source tracking shipments. Tanker shipments may vary week to week in a month, but the very low volumes in early October may suggest that Iran’s crude oil exports are taking a hit and are falling faster than the market had expected just two-three months ago. According to Refinitiv Eikon tanker tracking data quoted by Reuters, not a single tanker headed to Europe in the first seven days of October. Iran’s tankers were bound for China, India, and the Middle East in the first week this month, according to the data. Iran’s crude oil and condensate exports […]