The $47 increase in oil prices per barrel during the recent war generated a potential profit of $8.7 billion from Iran’s oil sales, according to Kepler Institute.
According to the available data, the current volume of Iranian oil (both on sea and in transit) has reached about 187 million barrels, a figure which is equivalent to about one and a half day of the global consumption.
Concurrent with the recent war developments, the oil price difference has increased to around $47 compared to the pre-war period.
Estimates indicate that Iran has potentially gained around $8.7 billion in profits from the increase in price of this amount of oil.
The US security and intelligence agencies always believe that Iran would never close the Strait of Hormuz due to its dependence on oil exports, as this move could reduce Iran's own oil exports to zero level.
However, it seems that Iran, by utilizing smart control and adopting effective measures, has created a situation where oil sales in the region are effectively influenced by its own management, and other players without coordination with Iran face restrictions, and sales through the Strait of Hormuz are subject to Iranian permission.
MNA/TSN3545852
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