According to the report, these offshore oil reserves had served as an important source of income for Iran during the war. However, the remaining supplies were depleted by mid-October.
“There’s no more oil to discharge to China anymore,” Homayoun Falakshahi, Kpler’s head of crude oil analysis, told the newspaper.
US Central Command said Saturday that the blockade had cost Tehran at least $25 billion in potential oil revenue. The restrictions are also expected to make it more difficult for Iran to rebuild destroyed industrial facilities and replace lost weapons.
Admiral Brad Cooper, head of US Central Command, said the US campaign had inflicted “devastating costs” on Iran’s security apparatus.