Iran exported 40m barrels of oil in less than two weeks, says Ghalibaf

WEB DESK: Iran has exported 40m barrels of oil in less than two weeks, according to Mohammad Bagher Ghalibaf, Speaker of the Iranian Parliament, in a statement underscoring the country’s ability to sustain its energy trade despite international sanctions and regional instability.

Ghalibaf described the rapid exports as evidence of Iran’s enduring capacity in the global oil market, according to Mehr News Agency.

He did not disclose specific destinations for the shipments or the exact timeframe within the two-week period, but emphasised that the figures reflect Tehran’s determination to maintain economic stability amid external pressures.

Defiance in face of tensions

The announcement comes against a backdrop of heightened regional tensions, including ongoing conflicts in the Middle East that have disrupted shipping routes and energy markets.

Western sanctions, primarily led by the United States, have long targeted Iran’s oil sector in an effort to curb its nuclear programme and regional influence. However, Iran has increasingly relied on shadow fleets, alternative payment mechanisms, and key buyers such as China to keep crude flowing.

Analysts note that such export volumes, if verified, would signal a significant uptick in Iran’s oil sales, potentially bolstering its economy at a time of domestic challenges and international isolation.

Tehran has repeatedly vowed to circumvent sanctions through diversified trade partnerships and domestic production enhancements.

Energy trade as strategic lifeline

Oil remains a cornerstone of Iran’s economy, providing critical revenue despite years of restrictive measures. The speaker’s remarks are likely intended to project strength and normalcy in Iran’s energy sector, even as global powers monitor developments closely.

No immediate reaction was available from western governments or the International Energy Agency on the reported exports.