The recent slump in Iranian oil exports could prove short-lived, as
Asian countries find ways to circumvent Western sanctions, which led to a drop
in exports to below 1 million barrels a day in August, according to some
estimates, says the Centre for Global Economic Studies.
The think tank pegs
Iranian crude production at little more than 2.5 million barrels a day in July
and August, down around 1 million barrels a day from the start of the year. But
it adds that production in August did inch higher thanks to a slight rebound in
exports, as Asian buyers implemented new insurance schemes to allow them to
continue to import oil from
Iran
.