IRAN OIL EXPORTS AT PEAK PRESSURE
<400K
barrels/day at 2019–2020 sanctions low, down from ~2.5M bpd
SHARE OF IRAN OIL BOUGHT BY CHINA
~90%
of Iranian oil exports flow to China, defying U.S. secondary sanctions
ORIGINAL MAX PRESSURE LAUNCH
2018
Trump's first maximum pressure campaign re-imposed after JCPOA exit
EXPORT RECOVERY AFTER ENFORCEMENT GAPS
~1.5M
barrels/day Iran recovered to as China enforcement slipped post-2020