22 Hrs
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الاقتصادية
Markets brace for historic economic isolation Iran halts oil exports
The article discusses the deterioration of Iranian oil exports to Asia, which have almost halted, leading to increased shipping costs even before the announcement of new American measures aimed at economically isolating Tehran. As a result, Iranian oil prices shifted from a discount compared to global prices to a premium of about $4 per barrel, due to the success of the American embargo that has stranded Iranian oil ships inside and outside the Gulf. Currently, only about 4 million barrels remain available for sale in waters near Malaysia. The administration of the American President plans to impose the largest coordinated economic embargo in history, targeting Chinese refineries and banks, amid intense pressure on the Iranian economy and the local currency dropping to its lowest levels against the dollar.
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