
Iran Focus
London, 26 Sep – Oil exports by Iran are declining ahead of the second round of US sanctions that is due to be imposed from November 4, which will likely lead to the Iranian economy contracting by 3% this year and 4% in 2019, according to the Institute of International Finance.
On Tuesday, the IIF, which represents major banks and financial institutions from around the world, said that exports of crude oil and condensates from Iran had dropped by 0.8 million barrels per day (bpd) from April to September 2018, according to their estimates.


