Iran's crude sales dived to just 800,000 barrels per day in July, due to Western sanctions, but are likely to have bounced back last month, according to a senior Iranian legislator.
South Korea said Tuesday that it will halt all Iranian oil imports from the start of July in response to a European Union insurance ban on tankers carrying crude from Iran.
Iranian oil exports to Germany have stopped and imports of EU products have been reduced as the European Union moves towards a total embargo on Iranian oil, Iranian media reported on Wednesday.