Iran Update, May 1, 2025

Institute for the Study of War (ISW)

Iran continued to expand economic cooperation with China to undermine the US maximum pressure campaign. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) reported on May 1 that Iran exported 1.6 million barrels per day of crude oil in April 2025. United Against Nuclear Iran (UANI) estimated that Iranian oil exports to China made up 97 percent of Iran's total oil exports in April.