Iran’s exports of crude oil have continued to decline during June, to the level of 300,000 barrels per day (b/d) or even less down from around 400,000 to 500,000 b/d in May, Reuters reported citing industry sources and data.

“It’s a very low level of real crude exports,” one of the sources commented.

The drop in oil exports has been mainly caused by the US re-imposing sanctions on Tehran and then ending sanction waivers for major Iranian oil buyers.

American sanctions led to a drop in Iranian crude exports from 2.8 million b/d to around 1 million b/d in a year’s time.