Iran Profits Big: Oil Prices Soar After Trump’s Iran Strike

China Buys Discounted Iranian Crude – Tehran, Iran Cashes In With Huge Oil Profit.

Iran is reaping significant financial gains from surging global oil prices, which have climbed above $100 per barrel amid disruptions in the Strait of Hormuz caused by the ongoing Middle East conflict. According to recent reporting in the Financial Times, Iran is earning approximately $140 million per day from its crude oil exports. This revenue boost stems from sustained export volumes of around 1.5 to 1.6 million barrels per day, with tankers continuing to load at the key terminal on Kharg Island despite U.S. and Israeli airstrikes. Even with Iranian crude often sold at a discount of about $10 per barrel below Brent benchmarks due to sanctions, the elevated market prices have translated into substantial daily income for Tehran.

Despite longstanding U.S. sanctions aimed at curbing Iran’s oil trade, Washington appears to be tacitly permitting these shipments to continue, prioritizing the avoidance of even more severe global supply shortages and further price spikes that could harm the world economy. The vast majority of Iran’s exported oil—over 90%—is destined for China, where it is purchased primarily by smaller independent refineries that process discounted sanctioned crude from sources like Iran and Russia. This arrangement allows Iran to maintain a critical cash flow during heightened tensions, funding its economy and operations even as broader regional energy flows face paralysis.

http://www.America24.news | America 24 ❤️🇺🇸

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