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Electric Power, Crude Oil, Refined Products, Nuclear, LPG
June 06, 2025
By Jeff Mower and Kate Winston
A new nuclear deal between the US and Iran could boost Tehran's crude exports by 500,000 b/d. Conversely, a collapse of negotiations might lead to a similar reduction in exports, creating uncertainty and volatility in the oil market as negotiations continue.
Iran's growing propane and butane exports are also at stake. Net exports are expected to climb as production gains outpace local demand, with the bulk of those Iranian shipments heading to China.
Related story: Iranian crude exports are poised to rise if nuclear talks succeed: analysts (Subscriber content)