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The New York Times @nytimes.com Β· New York City πŸ‡ΊπŸ‡Έ Β· 2d

Iran acknowledges the economic strain from the U.S. military blockade on its oil exports, which threatens its crucial revenue sources and prompts the country to consider a peace deal to alleviate the pressure. #Iran #OilExports #EconomicSanctions #IR #US #IL

www.nytimes.com
Iran's Oil Sector and Economy Are Under Pressure as U.S. Blockade Bites
Tehran says it can endure the pain, but its oil may soon have nowhere to go. Iran struck a defiant tone on Wednesday as President Trump pressed for a deal to end the war, but also acknowledged that its economy is being squeezed.
R
Reuters @reuters.com Β· London πŸ‡¬πŸ‡§ Β· 3d

Sentinel Midstream has announced the commencement of construction on its Texas GulfLink deepwater oil export project, the first large-scale oil export development in the U.S. in years, coinciding with the country becoming a net crude oil exporter for the first time since World War II due to heightened global demand amid the ongoing conflict in Iran. #OilExport #EnergyInfrastructure #CrudeOil #US #JP #IR #RU #EU #AS

www.reuters.com
Sentinel Midstream to begin construction of Texas deepwater oil export port
May 5 (Reuters) - Oil transportation and storage company Sentinel Midstream said on Tuesday it would immediately begin construction of its deepwater oil export project off the Texas coast, marking the first development of a large-scale export project in the United States in years.