Iran shipped 80 million barrels of oil before U.S. blockade reinstated

com. The shipments occurred in the 26 days after a U.S. blockade was lifted and before it was reinstated on July 13. The exports were valued at more than $6 billion. Iran shipped more than 10 million barrels in a single night on July 8-9 and 20 million barrels in the first 24 hours after the June 18 lifting.

Storage and remaining capacity The reinstated blockade prevented Iran from exporting an additional 30 million barrels that remained in storage. com reported that more than 60 million barrels of floating storage capacity remain available within the blockade perimeter.

Iran's total onshore and floating storage capacity is estimated at around 155 million barrels by Kpler and Bloomberg.

Timeline impact The exports will extend the period Iran can sustain its economy under renewed restrictions. Earlier intelligence estimates had placed a potential economic collapse in August under the prior blockade.