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The U.S. maritime blockade has caused Iran to lose nearly $6 billion in oil revenue
According to data from trading data analysis company Kpler, Iran's crude oil and condensate exports in May dropped to less than 300k barrels per day on average, the lowest level since late 2019 to early 2020.
Before the U.S. implemented maritime blockades, this number was close to 2 million barrels per day on average.
Data shows that Iranian crude oil prices are usually above $90 per barrel, occasionally exceeding $100 per barrel.
Using a conservative estimate of $90 per barrel, Iran's daily crude oil export revenue in May was about $27 million, with total revenue for May approximately $837 million.
This figure has significantly decreased compared to levels in the previous two months.
In March, Iran's crude oil exports averaged 1.84 million barrels per day, with an estimated daily export revenue of $165.6 million, totaling about $5.13 billion for March.
In April, Iran's crude oil exports averaged 1.34 million barrels per day, with daily revenue of about $120.6 million, and total income for the month around $3.62 billion.
Al Jazeera pointed out that if Iran expects its monthly crude oil export income to reach the level of March, the country has already lost about $5.8 billion in April and May.