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Russian Oil Exports Hit 2026 High as Iran Waiver Threatens Sales

Russian Oil Exports Hit 2026 High as Iran Waiver Threatens Sales
Bloomberg Markets Tuesday 23 June 2026, 13:12 UTC By Julian Lee 1 min read
Key Points

Russian Oil Exports Hit 2026 High as Iran Waiver Threatens Sales Tumbling oil prices after the interim US-Iran peace deal are eating into Moscow’s windfall Russia is shipping more oil than at any time so far this year, even as it faces stiffer competition selling barrels to key customer India after a US sanctions waiver that freed up cargoes from rival supplier Iran. Four-week average crude shipments were 3.89 million barrels a day in the period to June 21, up a little from the previous...

Russian Oil Exports Hit 2026 High as Iran Waiver Threatens Sales Tumbling oil prices after the interim US-Iran peace deal are eating into Moscow’s windfall Russia is shipping more oil than at any time so far this year, even as it faces stiffer competition selling barrels to key customer India after a US sanctions waiver that freed up cargoes from rival supplier Iran. Four-week average crude shipments were 3.89 million barrels a day in the period to June 21, up a little from the previous week, according to tanker-movements data compiled by Bloomberg. The uptick in crude flows comes as Ukraine continues its strikes on Russia’s oil refineries, potentially diverting into exports crude that can’t be processed.
Russian (ORG) Iran (LOCATION) US (LOCATION) Moscow (LOCATION) Russia (LOCATION) India (LOCATION) Bloomberg (ORG) Ukraine (LOCATION)
Originally published by Bloomberg Markets Read original →

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