INSUBCONTINENT EXCLUSIVE:
latest monthly report published on Tuesday.Iranian heavy crude oil price followed its upward trend for the seventh consecutive month to
period.The report put Iranian crude output for May at 2.544 million barrels per day indicating a 20,000-bpd decrease compared to the figure
per day indicating a 46,000-bpd rise compared to the figure for the last quarter of 2021.As reported, Iranian oil exports increased by 30
was the fastest among all producers in West Asia, while the volume of exports is estimated to be the highest since former U.S
President Donald Trump withdrew from the so-called Iranian nuclear deal in 2018, the report said.Back in April, Washington Free Beacon, an
American conservative political journalism website, said in a report that Iran's "fleet of ghost ships" has been successfully sidestepping
sanctions, delivering millions of barrels of crude oil and petroleum products to foreign destinations.The report claimed that Iranian oil
tankers have shipped at least $22 billion worth of oil only to China since 2021.EF/MA
