this post was submitted on 24 Apr 2026
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Iran exports oil, gas and other goods including petrochemicals, plastics and agricultural products by sea. Analysts say the US naval blockade of its ports, including in the Strait of Hormuz, could therefore affect this trade.

Soon after the start of the US-Israel war on Iran on February 28, authorities in Tehran implemented the effective closure of the Strait of Hormuz, the only waterway out of the Gulf, through which 20 percent of the world’s oil and liquefied natural gas (LNG) supplies were shipped from Gulf producers in peacetime.

The near-shutdown of the vital chokepoint sent global oil and gas prices soaring, and since then, Iran has controlled the strait. However, it has continued to export its own energy products through the waterway.

Iran’s oil exports through the Strait of Hormuz account for about 80 percent of its total oil exports. According to Kpler, a trade intelligence firm, Iran exported 1.84 million barrels per day (bpd) of crude oil in March and has shipped 1.71 million bpd so far in April, compared with an average of 1.68 million bpd in 2025.

From March 15 to April 14, it exported 55.22 million barrels of oil. The price per barrel of Iranian oil – across its three major variants, known as Iranian light, Iranian heavy and Forozan blend – has not fallen below $90 per barrel over the past month. On many days, the price has surpassed $100 a barrel.

Even at the conservative estimate of $90 a barrel, Iran has earned at least $4.97bn over the past month from its ongoing oil exports.

By contrast, in early February before the war started, Iran was earning about $115m a day from its crude oil exports, or $3.45bn in a month.

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[–] marcos@lemmy.world 3 points 1 week ago (1 children)

They were making more before the blockade. Now they aren't anymore.

The blockade also stops all kinds of goods, and food. How long they can survive is the actual honest question.

[–] givesomefucks@lemmy.world 5 points 1 week ago* (last edited 1 week ago) (2 children)

They were making more before the blockade. Now they aren’t anymore

Ok...

Do you have a source for that?

Because this article you're commenting on, literally says the opposite...

So I think it's more likely you're just confused

The blockade also stops all kinds of goods, and food.

Especially since you don't understand other things can be brought from neighbors over land...

Like, where are you getting the information that is forming your opinions? I'm genuinely curious

[–] marcos@lemmy.world 2 points 1 week ago (1 children)

From March 15 to April 14, it exported 55.22 million barrels of oil.

I have no idea why the article decided to use this timeline, maybe it was written a few days ago. But the US has only been actually stopping ships there since earlier this week.

[–] givesomefucks@lemmy.world 3 points 1 week ago

From March 15 to April 14, it exported 55.22 million barrels of oil. The price per barrel of Iranian oil – across its three major variants, known as Iranian light, Iranian heavy and Forozan blend – has not fallen below $90 per barrel over the past month. On many days, the price has surpassed $100 a barrel.

Even at the conservative estimate of $90 a barrel, Iran has earned at least $4.97bn over the past month from its ongoing oil exports.

By contrast, in early February before the war started, Iran was earning about $115m a day from its crude oil exports, or $3.45bn in a month.

Simply put, Iran has earned 40 percent more from oil exports in the past month than it did before the war.

They using that range of dates, because that's the information we have...

But the US has only been actually stopping ships there since earlier this week.

trump is saber rattling, but are you aware of how many ships he's "stopped" and how many just sail past?

The problem is you're taking his words at face value and believing him...

I don't know why anyone would be doing that still

[–] unpossum@sh.itjust.works -1 points 1 week ago (1 children)

The article isn’t really clear (as far as I can tell) on how much oil Iran has shipped through the strait after Apr 13. If that number is dramatically lower than pre-blockade, it will of course have an impact.

[–] givesomefucks@lemmy.world 2 points 1 week ago (1 children)

Why are you talking about volume all of a sudden and not profits?

Was that a mistake or intentional?

Are you even aware those are two very drastically different things?

[–] unpossum@sh.itjust.works 2 points 1 week ago

Uh - you ok? Just stating that the article isn’t clear (to me) on what the actual effects of the blockade are. Might be because it’s not been two weeks yet, or just the general fog of SMO