Iran crude exports collapse to 0.3M b/d amid US maritime blockade

Iranian crude exports have plummeted to 0.3 million barrels per day in August, a significant deviation from the 2025 average of 1.7 million, due to intensified US sanctions and a naval blockade in the Gulf of Oman. While market prices have softened on reports of potential Pakistani mediation, the sustainability of this diplomatic channel remains unverified against the backdrop of the US 'Economic D-Day' policy.