Iran oil exports drop to six-year low amid U.S. blockade in Freight News 06/06/2026 Iranian crude oil and condensate exports fell to their lowest point in at least six years during May, dropping below 300,000 barrels per day, according to shipping data and analysts. The decline stems primarily from a U.S. naval blockade that began on April 13. May exports averaged approximately 209,000 barrels per day, data from Vortexa shows. This represents a sharp decrease from 1.34 million barrels per day in April and nearly 1.9 million barrels per day in March. The May figures mark the lowest export levels since late 2019 and early 2020, when former U.S. President Donald Trump pursued a “maximum pressure” campaign against Iran during his first term, Vortexa stated. The U.S. blockade has restricted Iranian exports as global oil markets face a supply shortage. Iran’s effective closure of the Strait of Hormuz has cut exports from Saudi Arabia, Kuwait, Iraq and the United Arab Emirates. Source: Investing.com 2026-06-06 hellenicshippingnews... tweet Share