Iran’s oil exports remain elevated

…IRAN’s oil exports remained robust, with the Islamic Republic shipping about 1.15m barrels per day last month,according to tanker-tracking data from monitoring group United Against Nuclear Iran. Close to 1m barrels were sent to China, which accounted for nearly 80% of exports. Syria accounted for about 7.4%, while the destinations of the remaining 13.2% are unknown. China’s reopening is expected to buoy its oil import demand, which could further increase its appetite for sanctioned Iranian barrels.