Trump Administration Sanctions and Iranian Oil Exports

 

Iran's daily exports  have ranged from a high of over 3,000,000 BOPD in 2018 to a record low of 464,489 BOPD in 2020. Thank-you President Trump for taking the fight of war on terror straight to the Iranian regime. Iran's crude oil exports have resurged to to its highest level in six years to more than 1.56 Million BOPD.

China is the largest importer of Iranian oil. There are a number of importing countries but China is the dominant player.

Trump Administrations sanctions on Iranian oil exports:

 The Trump Administration reinstated all the U.S. sanctions that were removed under the Obama 2015 nuclear deals. 

The Trump Administration put additional pressure on Iran's oil sector, financial institutions, and shipping sectors. Other sectors of the economy also felt the sanctions; purchase of U.S. dollars, trade in gold, limits trading the rial,  debt transactions, trade in carpets, and sale of aircraft to Iran.

The Iranian nuclear programs felt the effect of the sanctions. The Trump administration withdrew from the JCPOA calling it "horrible and defective."

The Trump "maximum pressure policy hindered Iran's economy  slowing more than 80% of the Iranian economy. The chart above illustrates just how effective the Trump policy's worked.

It's also clear by the chart that the Biden Administration is a friend of Iran. Biden's  policies have been a disaster to the stability of the Middle East.