It has been almost two months since the United States re-imposed a maritime blockade. Iran's oil exports continue to be severely restricted, further exacerbating the economic crisis in the Islamic Republic and tightening supply in the global crude oil market. Images from the EU's Sentinel satellite show that for at least the past two weeks, Iran's main oil export terminal, Khark Island, had no cases of supertankers loading crude oil. According to tanker tracking data, Iran's oil exports in August were only a fraction of pre-war levels. Meanwhile, as traders claim that Iran's crude oil supply is drying up, the premium for goods still available in the Asian market is rising sharply. Iran's central bank governor Abdolnaser Hemmati admitted last month that oil exports have actually almost stopped, but oil minister Mohsen Paknejad later said that crude oil continues to be delivered to customers. Meanwhile, data from consulting firm Kpler Ltd. showed that Iran's onshore oil stocks have risen again, close to the high level seen in May. Vortexa's data also shows that oil stocks trapped on tankers in the blockade area are constantly accumulating.

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