Iran exports oil, gas and other goods including petrochemicals, plastics and agricultural products by sea. Analysts say the US naval blockade of its ports, including in the Strait of Hormuz, could therefore affect this trade.

Soon after the start of the US-Israel war on Iran on February 28, authorities in Tehran implemented the effective closure of the Strait of Hormuz, the only waterway out of the Gulf, through which 20 percent of the world’s oil and liquefied natural gas (LNG) supplies were shipped from Gulf producers in peacetime.

The near-shutdown of the vital chokepoint sent global oil and gas prices soaring, and since then, Iran has controlled the strait. However, it has continued to export its own energy products through the waterway.

Iran’s oil exports through the Strait of Hormuz account for about 80 percent of its total oil exports. According to Kpler, a trade intelligence firm, Iran exported 1.84 million barrels per day (bpd) of crude oil in March and has shipped 1.71 million bpd so far in April, compared with an average of 1.68 million bpd in 2025.

From March 15 to April 14, it exported 55.22 million barrels of oil. The price per barrel of Iranian oil – across its three major variants, known as Iranian light, Iranian heavy and Forozan blend – has not fallen below $90 per barrel over the past month. On many days, the price has surpassed $100 a barrel.

Even at the conservative estimate of $90 a barrel, Iran has earned at least $4.97bn over the past month from its ongoing oil exports.

By contrast, in early February before the war started, Iran was earning about $115m a day from its crude oil exports, or $3.45bn in a month.

  • givesomefucks@lemmy.world
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    1 day ago

    Headline:

    How long can they survive!!!

    Article:

    They’re actually making billions more…

    Think it’s pretty safe to say Iran can “survive” indefinitely…

    • marcos@lemmy.world
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      1 day ago

      They were making more before the blockade. Now they aren’t anymore.

      The blockade also stops all kinds of goods, and food. How long they can survive is the actual honest question.

      • givesomefucks@lemmy.world
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        1 day ago

        They were making more before the blockade. Now they aren’t anymore

        Ok…

        Do you have a source for that?

        Because this article you’re commenting on, literally says the opposite…

        So I think it’s more likely you’re just confused

        The blockade also stops all kinds of goods, and food.

        Especially since you don’t understand other things can be brought from neighbors over land…

        Like, where are you getting the information that is forming your opinions? I’m genuinely curious

        • marcos@lemmy.world
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          23 hours ago

          From March 15 to April 14, it exported 55.22 million barrels of oil.

          I have no idea why the article decided to use this timeline, maybe it was written a few days ago. But the US has only been actually stopping ships there since earlier this week.

          • givesomefucks@lemmy.world
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            23 hours ago

            From March 15 to April 14, it exported 55.22 million barrels of oil. The price per barrel of Iranian oil – across its three major variants, known as Iranian light, Iranian heavy and Forozan blend – has not fallen below $90 per barrel over the past month. On many days, the price has surpassed $100 a barrel.

            Even at the conservative estimate of $90 a barrel, Iran has earned at least $4.97bn over the past month from its ongoing oil exports.

            By contrast, in early February before the war started, Iran was earning about $115m a day from its crude oil exports, or $3.45bn in a month.

            Simply put, Iran has earned 40 percent more from oil exports in the past month than it did before the war.

            They using that range of dates, because that’s the information we have…

            But the US has only been actually stopping ships there since earlier this week.

            trump is saber rattling, but are you aware of how many ships he’s “stopped” and how many just sail past?

            The problem is you’re taking his words at face value and believing him…

            I don’t know why anyone would be doing that still

        • unpossum@sh.itjust.works
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          1 day ago

          The article isn’t really clear (as far as I can tell) on how much oil Iran has shipped through the strait after Apr 13. If that number is dramatically lower than pre-blockade, it will of course have an impact.

          • givesomefucks@lemmy.world
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            24 hours ago

            Why are you talking about volume all of a sudden and not profits?

            Was that a mistake or intentional?

            Are you even aware those are two very drastically different things?

            • unpossum@sh.itjust.works
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              21 hours ago

              Uh - you ok? Just stating that the article isn’t clear (to me) on what the actual effects of the blockade are. Might be because it’s not been two weeks yet, or just the general fog of SMO

  • FlashMobOfOne@lemmy.world
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    1 day ago

    I hate the fact that just being willing to read new information puts me on a higher plane of understanding than both the president of the US and our secretary of war, both of whom are mentally ill TV show hosts who have no real business being anywhere near the levers of power.

    That said, I expect this conflict to go on for years. Donald has successfully surrounded himself with people who tell him every demented notion he has is brilliant, and those demented notions become military orders that are effectively lawful orders. (I use the word ‘effectively’ here because there is no meaningful oversight or checks and balances, so whether they are lawful or not is basically inconsequential.)

    And then there’s Israel, who (I think) have blackmail on every decision maker in the US and won’t allow this war to stop.

  • panthera_@lemmy.today
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    20 hours ago

    Reminds me of the Vietnam War. Despite suffering heavy losses, North Vietnam continued to fight. The US, however, was racked by anti-war protests.