Amid the current military confrontation between Israel and Iran, the attention of oil market participants is mainly focused on whether it is possible to maintain the stability of the supply of crude oil intended for export.
So far, Iranian oil fields are operating smoothly, and tanker loading from storage facilities has even begun to increase rapidly.
Iran is trying, on the one hand, to disperse its oil reserves, and on the other hand, to sell more oil in conditions of considerably increasing risks.
Oil is leaving Iranian ports and being loaded onto ocean-going tankers, providing a temporary source of revenue even if supplies are disrupted. Amid the surge, the country’s main export terminal on Kharg Island is filling up with crude oil, Bloomberg reports after analyzing satellite images.
On June 11, nearly all of the tanks were only partially full, whereas by the 18th, the sixth day of the Israeli strikes, they were all full.
Normally, the tanks would empty as exports increased, but Iran appears to be pumping as much oil into tankers as possible to export as much as possible, said Samir Madani, co-founder of TankerTrackers.com, which tracks the oil trade through shadowy fleets.
According to the TankerTrackers.com data, in the five days since the Israeli attacks began on June 13, Iran has exported an average of 2.33 million barrels of oil per day, 44 percent higher than the 1.61 million barrels average recorded a year ago until June 14.
It seems pretty clear what Iran is doing. It is trying to extract as many barrels as possible, and its number one priority is security, Madani added.
Exporting more oil will not only bring more revenue in the short term, especially given the rise in prices, as Brent oil has risen from about $70 to $77 a barrel since the start of hostilities, and has been trading at up to $79 a barrel.
Also, Tehran hopes to reduce the likelihood of oil losses in the event of an Israeli strike on the terminal. Until June 13, tankers usually waited at a road station near Kharg Island to load. But now, they are scattered far from the island, coming only to pick up oil and leaving the terminal as quickly as possible, satellite images show.
On June 13, Israel attacked Iran, and this was followed by retaliatory measures by Iran. Military actions between the two countries are continuing to this day.

















