Highlights Exports jump to 1.70 million b/d in March Flows to China, South Korea increase Sharp fall seen in Iranian oil inventories London — Iranian oil exports, which have been laboring under US sanctions since late last year, have recovered close to prior levels, supported by unflinching demand from China and South Korea, data from shipping sources and provisional tanker tracking data showed Tuesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Crude and condensate shipments from the Persian Gulf producer surged 12% to 1.70 million b/d in March, the highest since October, as key buyers scrambled to pick up more volumes before US sanctions waivers expire in early May. Exports could fall in the coming months if the US tightens its grip on Iran crude purchases from those eight countries given special treatment, according to analysts. The market is still searching for clarity, but […]