Iran’s crude oil and condensate exports hit 2.7 million bpd in May, higher than its average volumes over the past year, while the U.S. withdrew last month from the Iran nuclear deal and re-imposed sanctions that would kick in later this year. Last month, Iran’s crude oil exports stood at 2.4 million bpd, while condensate—ultra light oil—volumes hit 300,000 bpd, the Iranian oil ministry’s news service Shana reported over the weekend. In the Iranian calendar year that ended on March 20, Iran’s crude oil exports averaged 2.115 million bpd, Shana reported. For April, Iran’s crude oil exports reached a record 2.617 million bpd , according to Shana—the highest level since Iran signed the nuclear deal with global powers, just ahead of U.S. President Trump’s withdrawal from the deal in early May. Iran exported record-high volumes of crude oil and condensate of 2.877 million bpd to Asian and European markets […]