Iranian oil output and price improve

The Organization of Petroleum Exporting Countries (OPEC) in its latest monthly report has said that Iran’s oil production volume increased by 28,000 barrels per day (bpd) to 3.188 million BPD in March 2024 and heavy oil price also increased by US$3.0 during this period.

The OPEC total crude oil production volume reached 26.604 million bpd in March 2024, showing a 3,000 bpd increase as compared to a month before.

According to this report, the price of each barrel of Iran’s heavy crude oil in March 2024 reached US$83.48 BPD.

The average oil price of OPEC in March 2024 reached US$84.22, showing an increase of US$2.99 BPD.

Back in January, a report released by the US Department of Energy stated that Iran has been the top OPEC member in terms of production increase in 2023, with an increase of 330,000 bpd.

The US Energy Information Administration (EIA) affiliated with the Department of Energy mentioned in its latest report that the total oil production of Iran was estimated at 2.87 million bpd at the end of 2023. Iran’s oil production was 2.54 million bpd in 2022.

The figures show that total OPEC oil production was 26.89 million bpd in 2023 which shows 630,000 barrels fall year on year. OPEC produced 27.52 million bpd in 2022.

This report has put Iran's oil production in the last month of last year at 3.17 million bpd. Iran was the third-largest OPEC producer after Saudi Arabia and Iraq in December 2023.

The 330,000-bpd increase in Iran’s 2023 oil production indicates that sanctions have been ineffective on Iran's oil industry.

Earlier in June 2023, Bloomberg reported that the production and export of Iranian oil in 2023 reached record highs since the country came under US sanctions more than five years ago.

The report published in late June 2023 stated that Iran was shipping the highest amount of crude in almost five years despite US sanctions.

Bloomberg cited energy analysts as saying that Iran’s oil exports have surged to the highest level since the US unilaterally re-imposed sanctions on the country in 2018.

A Reuters report, also said in June last year Iranian crude shipments continued to rise in 2023 with higher shipments to China, Syria, and Venezuela. The report quoted consultants, shipping data, and a source familiar with the matter.

A large chunk of Iran’s crude oil goes to China which is the world’s major importer of energy. Several European customers including Germany, Spain, and Bulgaria also imported oil from Iran.

Iran has not released official figures about its oil exports over the past years amid efforts to evade Washington’s sanctions.

 

Iranian attack on Israel: All winners no loser

According to Jennifer Baik of AP, the unprecedented attack by Iran on Israel early Sunday ratcheted up regional tensions, confirming long-held fears about the Israel-Hamas war spiraling into a broader conflagration. But Iran, Israel, the United States and Hamas also walked away with some gains.

Israel

As more than 300 drones and missiles headed toward Israel in the early hours of Sunday, the country was able to successfully put to the test its aerial defense array, which, along with help from allies, blocked 99% of the projectiles and prevented any major damage.

By contrast, Israel’s military had suffered a bruising defeat at the hands of a far less equipped enemy when Hamas stormed from Gaza into Israel on October 07, 2023. That was a major blow to Israel’s image as a regional military powerhouse and shattered any sense of invincibility. The response to Iran’s attack could be what restores faith in the country’s military, even as its forces are bogged down in Gaza, more than six months after Israel declared war on Hamas there.

Israel has also boasted about the coalition of forces that helped it repel the Iranian assault. It’s a much-needed show of support at a time when Israel is at its most isolated because of concerns surrounding its conduct during the war against Hamas, including a worsening humanitarian crisis and a staggering death toll in Gaza.

Iran

Iran vowed repeatedly that it would respond to an apparent Israeli strike on an Iranian diplomatic compound in Damascus on April 01 that killed two generals. Sunday’s assault allowed Iran to show to its citizens that it won’t stand by when its assets are attacked and that it was serious when it threatened revenge.

With its strike, Iran was able to exhibit its fierce firepower, instill fear in some Israelis and disrupt the lives of many through school cancellations. But with little damage actually caused in Israel, Iran might hope that any response will be measured. Several hours after it launched the drones and missiles, Iran said the operation was over.

United States

The United States was a key player in repelling the assault, demonstrating to its allies around the world the power and reliability of American support.

Now, as Israel mulls how and whether to respond, that alliance will be put to the test, with the Biden administration seeking to exert its leverage on Israel and prevent it from carrying out a response that might worsen the conflict.

Hamas

Hamas, which is backed by Iran, welcomed the strike on Israel. Since launching its October 07 attack, Hamas had hoped that regional partners might come to its assistance and drag Israel into a broader war. While some have done — including the Iranian-backed Hezbollah in Lebanon and Yemen’s Houthis — Iran had not directly entered the fray until Sunday.

Hamas could hope that the attack is the first salvo in deeper Iranian engagement in the war in Gaza. It also could hope that violence in the West Bank, where an Israeli teen was killed and settlers rampaged in Palestinian towns, continues to heat up. At the very least, Iran’s attack may have emboldened Hamas to dig in its heels in current negotiations over a cease-fire, hoping the increased military pressure on Israel might lead it to accept the militant group’s harder-line terms for a deal.

US not to support Israeli attack on Iran

President Joe Biden has told Israeli Prime Minister Benjamin Netanyahu that the United States would not participate in any Israeli counter-offensive against Iran, according to reports on Sunday by CNN and the Wall Street Journal.

Speaking with Netanyahu late on Saturday, Biden suggested further response was unnecessary. Senior officials told their counterparts that the US would not participate in an offensive response against Iran, CNN and the Wall Street Journal reported

John Kirby, the White House's top national security spokesperson, told ABC's "This Week" program on Sunday that the United States will continue to help Israel defend itself, but does not want war with Iran.

"We don't seek escalated tensions in the region. We don't seek a wider conflict," Kirby said.

On Saturday night Iran launched drone and missile attacks against Israeli military and intelligence targets in response to the Zionist regime’s air raid on the consular building of the Iranian embassy in Damascus on April 01 that killed seven Iranian military advisors.

Hossein Salami, the chief of the IRGC, says the initial assessment is that the operation achieved a level of success that exceeded our expectations. However, he said, Iran is still receiving more information.

“Naturally, people living in occupied lands, Zionist officials and the terrorist and occupying armies of the Zionist regime and the US have a better understanding of the pummeling effects of these attacks at this moment,” Salami stated.

Salami said the US and France provided air cover for Israel in Iraq, Jordan and even parts of Syria, but tens of drones and cruise and ballistic missiles managed to punch through the layers of defensive capabilities.

“We could have launched a much larger attack, but we limited it to the capabilities that the Zionist regime had used to attack the Iranian consulate and martyr our dear commanders.”

Iran has warned Israel against reacting to the drone and missile attacks that targeted occupied territories on Saturday night. In a post on X, Iran's permanent mission to the United Nations said the country's attacks against Israeli positions were legal, adding that it can now see the situation as resolved.

"Conducted on the strength of Article 51 of the UN Charter pertaining to legitimate defense, Iran’s military action was in response to the Zionist regime’s aggression against our diplomatic premises in Damascus. The matter can be deemed concluded. However, should the Israeli regime make another mistake, Iran’s response will be considerably more severe," the statement said. 

Further information shows that for the first time in the past six months, the regime has stopped its attacks on the besieged Gaza Strip to deal with the barrage of drones and missiles coming from the Iranian territory.

 

 

Reuters busy in soliciting support for Israel

Iran's Islamic Revolutionary Guards Corps said it launched dozens of drones and missiles at Israel on Saturday, in an attack that could lead to a major escalation between the regional archenemies. Here are some of reactions put together by Reuters, world’s leading news agency. The point worth noting is that no comment from any Muslim country has been included.

Israeli Prime Minister

"In recent years, and especially in recent weeks, Israel has been preparing for a direct attack by Iran. Our defensive systems are deployed; we are ready for any scenario, both defensively and offensively. The State of Israel is strong. The IDF is strong. The public is strong.

"We appreciate the US standing alongside Israel, as well as the support of Britain, France and many other countries. We have determined a clear principle: Whoever harms us, we will harm them. We will defend ourselves against any threat and will do so level-headedly and with determination."

Iranian mission to UN

"... Iran’s military action was in response to the Zionist regime’s aggression against our diplomatic premises in Damascus. The matter can be deemed concluded.

"However, should the Israeli regime make another mistake, Iran’s response will be considerably more severe. It is a conflict between Iran and the rogue Israeli regime, from which the US must stay away"

US President

"I just met with my national security team for an update on Iran’s attacks against Israel. Our commitment to Israel’s security against threats from Iran and its proxies is ironclad."

US House Speaker

"As Israel faces this vicious attack from Iran, America must show our full resolve to stand with our critical ally. The world must be assured: Israel is not alone."

UN Secretary General

"I strongly condemn the serious escalation represented by the large-scale attack launched on Israel by the Islamic Republic of Iran this evening. I call for an immediate cessation of these hostilities.

"I am deeply alarmed about the very real danger of a devastating region-wide escalation. I urge all parties to exercise maximum restraint to avoid any action that could lead to major military confrontations on multiple fronts in the Middle East.

"I have repeatedly stressed that neither the region nor the world can afford another war."

British Prime Minister

"I condemn in the strongest terms the Iranian regime’s reckless attack against Israel. These strikes risk inflaming tensions and destabilizing the region. Iran has once again demonstrated that it is intent on sowing chaos in its own backyard.

"The UK will continue to stand up for Israel’s security and that of all our regional partners, including Jordan and Iraq. Alongside our allies, we are urgently working to stabilize the situation and prevent further escalation. No one wants to see more bloodshed.”

Canadian Prime Minister

"Canada unequivocally condemns Iran’s airborne attacks against Israel. We stand with Israel. After supporting Hamas’ brutal October 07 attack, the Iranian regime’s latest actions will further destabilize the region and make lasting peace more difficult.

"These attacks demonstrate yet again the Iranian regime’s disregard for peace and stability in the region. We support Israel’s right to defend itself and its people from these attacks."

German Foreign Minister

"Iran has fired drones and missiles at Israel. We strongly condemn the ongoing attack, which could plunge an entire region into chaos. Iran and its proxies must stop this immediately. Israel offers our full solidarity at this time."

German Ambassador to Israel

"Germany’s solidarity is with all Israelis tonight whom Iran is terrorizing with this unprecedented and ruthless attack: Jews as well as Arabs and Christians, the Bedouins in the Negev as well as the Druze in the Golan. May they all be safe.”

French Foreign Minister

"France condemns in the strongest terms the attack launched by Iran against Israel. By deciding on such an unprecedented action, Iran is taking a new step in its destabilizing actions and taking the risk of a military escalation."

European Union Foreign Policy Chief

"The EU strongly condemns the unacceptable Iranian attack against Israel. This is an unprecedented escalation and a grave threat to regional security."

European Council President

"Strongly condemn the attack launched by Iran on Israel. Everything must be done to prevent further regional escalation. More bloodshed must be avoided. We will continue to follow the situation closely with our partners."

Spanish Prime Minister

"We are following events in the Middle East with the deepest concern. We are in permanent contact with our embassies in the region which will remain open to support Spaniards in the area.”

Dutch Prime Minister

"Very worrying situation in the Middle East. Earlier today, the Netherlands and other countries sent a loud and clear message to Iran to refrain from attacking Israel. The Netherlands strongly condemns Iran's attacks on Israel. Further escalation must be prevented. ... We continue to monitor developments very closely."

Danish Foreign Minister

"Denmark strongly condemns Iran's announced attack on Israel. I urge everyone to show restraint and deescalate the situation. Iran’s destabilizing role in the Middle East is unacceptable - and so is this attack."

Norwegian Foreign Minister

"I condemn the illegal and dangerous Iranian attack underway against Israel. This will further deteriorate an already extremely volatile situation. We must prevent further escalation of violence in the Middle East. I call upon all parties to exercise maximum restraint."

Czech Republic Foreign Minister

"Czechia firmly condemns the destabilizing behavior of Iran and its proxies who decided to attack Israel. We reiterate the Israeli right for self-defense. Iran’s long term aggressive behavior is preventing the Middle East region to live in peace and security."

Columbian President

"It was predictable; we're now in the prelude to World War III precisely when humanity should rebuild its economy towards the rapid goal of decarbonization. The support of the US, in practice, for a genocide, has ignited the world. Everyone knows how wars start, no one knows how they end. If only the people of Israel were high enough, like their ancestors, to stop the madness of their ruler. The United Nations must meet urgently and must immediately commit to peace."

Argentina President

"The office of President Javier Milei expresses its solidarity and unwavering commitment to the State of Israel following the attacks by the Islamic Republic of Iran. The Republic of Argentina recognizes the right of State-Nations to defend themselves and strongly supports the State of Israel in the defense of its sovereignty, in particular against regimes that promote terror and seek the destruction of western civilization."

Paraguay President

"In such difficult times, we express our full support for the people of Israel, and are concerned about the increase of violence in the region. We remain in contact with our embassies in the region to serve our compatriots."

Chilean President

"We express our concern about the serious escalation of tensions in the Middle East and the Iranian attacks against Israel. Chile condemns the use of force and defends international humanitarian law, which protects civilian lives in armed conflicts."

Mexican Foreign Ministry

"The government of Mexico expresses deep concern over Iran's attack against Israeli territory, and the impact that this could have on thousands of human lives. Mexico condemns the use of force in international relations, and calls on the parties to self-restrain and seek solutions peacefully to avoid a more general conflict in the Middle East. Mexico also emphasizes the importance of respecting international law for the sake of international peace and security."

 

 

Iran launches ‘Operation Truthful Promise’

Reportedly, Iran has launched retaliatory attacks against Israel, which struck its embassy in Damascus on April 01, killing 7 high-ranking military officials.

Israeli reports say Iran has already fired three waves of drones at Israeli positions, as well as a number of cruise missiles. Footage captured by citizens in Iraq, suggests Iran's famous Shahed-136 drones are among the UAVs launched at Israel.

The initial announcement regarding the launch of the Iranian attacks came from the Israeli military. Daniel Hagari, the army’s spokesperson, stated that the drones would take some hours to reach their destination while emphasizing Israel's readiness for the situation.

During a briefing with the press, Hagari highlighted that Israel has defensive and offensive measures in place and maintains close cooperation with the US and regional partners.

Iran also confirmed it has begun its retaliation against Israel through a TV announcement.

"In response to various crimes of the Zionist regime, including the attack on the Iranian consulate section in Damascus and the martyrdom of some of our country's military commanders and advisors in Syria, the IRGC's Air Force targeted specific objectives inside the occupied territories by hitting them with dozens of missiles and drones," a news anchor said, reading a statement by the Islamic Revolution Gaurd Corps (IRGC).

ABC News has quoted American officials claiming that 400 to 500 drones are currently making their way towards Israel after being launched from Iran's territory.

Before the direct Iranian attack on Israeli targets, Hezbollah initiated a significant rocket barrage targeting the northern areas of occupied Palestine and the Golan Heights.

A cyber attack also plunged vast areas of the occupied territories, including Tel Aviv, into darkness.

Further Information indicates that both the Lebanese group and the Ansarullah movement in Yemen have initiated drone attacks on the occupied territories concurrently with Iranian strikes.

Iran seizes cargo ship in Strait of Hormuz

Iran's Revolutionary Guards seized an Israeli-linked cargo ship in the Strait of Hormuz on Saturday, the Iranian state-run IRNA news agency reported, days after Tehran warned it could close the area to sea traffic.

IRNA reported that a Guards helicopter had boarded and taken into Iranian waters the Portuguese flagged MSC Aries.

Shipping security agencies had earlier reported a vessel being boarded and seized by regional authorities in the Hormuz Strait between the United Arab Emirates and Iran.

The Aries is leased by international shipping line MSC from Gortal Shipping, an affiliate of Zodiac Maritime, Zodiac said in a statement, adding that MSC is responsible for all vessel activities. Zodiac is partly owned by Israeli businessman Eyal Ofer.

The incident comes amid rising regional tensions since the start of Israel's campaign in Gaza in October last year, with Israel and its ally the United States clashing repeatedly with Iranian-aligned groups in Lebanon, Syria, Iraq and Yemen.

Iran had threatened to retaliate for suspected Israeli airstrikes on its consulate in Syria's capital Damascus on April 01 that killed seven Revolutionary Guards officers including two senior commanders.

US President Joe Biden said on Friday he expected Iran to attack Israel sooner, rather than later and warned Tehran not to proceed.

Israel's military spokesperson, Rear Admiral Daniel Hagari, said "Iran will bear consequences for choosing to escalate this situation any further", in response to reports of the seizure of MSC Aries.

On Tuesday the naval head of the Revolutionary Guards, Alireza Tangsiri, said it could close the Strait of Hormuz if deemed necessary.

He said Iran viewed as a threat Israel's presence in the UAE, with which Israel established diplomatic relations in 2020 as part of the "Abraham Accords" mediated by the United States.

Yemen's Houthi group has disrupted global trade in the Red Sea for months, saying it is aiming at vessels linked to Israel in retaliation for Israel's campaign in Gaza.

The United States and Britain have carried out strikes against Houthi targets in response to the attacks on shipping.

The Joint Maritime Information Center, run by a Western-led naval coalition, said vessels intending to navigate the Strait of Hormuz, one of the world's most important energy routes, should exercise caution and not loiter.

 

 

Biden moving in wrong direction

"The United States ought to be distancing itself from Israel's illegal attack, but instead the Biden administration is moving to shield Israel from the consequences of its own actions," Daniel Larison wrote.

Israeli appears to want to goad Iran into a military response to divert attention from the slaughter and famine in Gaza and to trap the US into joining the fight. Biden has made it that much easier for Israeli Prime Minister Benjamin Netanyahu by volunteering to walk into the trap.

Israeli forces have routinely struck Iranian and other targets in Syria for more than a decade, but the attack on the consulate in Damascus was a major escalation both in terms of the location and the rank of the Iranian officers that were killed.

An imminent Iranian response to Israel's deadly bombing of Tehran's consulate in the Syrian capital earlier this month is heightening fears of a devastating regional conflict in which the United States—Israel's top ally and arms supplier—could become directly involved.

The US embassy in Jerusalem issued a security warning on Thursday and restricted its employees' travel ahead of a possible Iranian response as soon as Friday. US officials, according to Politico, have assessed that Iran is calibrating its plans for a major retaliatory strike against Israel to send a message—but not spark a regional war that compels Washington to respond.

US President Joe Biden and top administration officials have in recent days stressed their "ironclad" commitment to defending Israel in the case of an Iranian reprisal, despite widespread condemnation of Israel's consulate attack as a significant escalation and flagrant violation of international law.

"When the Israeli regime completely violates the immunity of individuals and diplomatic places in violation of international law and the Vienna Conventions, legitimate defense is a necessity," Iranian Foreign Minister Hossein Amir-Abdollahian said in a statement Thursday.

Two unnamed US officials told CBS News that Iran's response could include more than 100 drones and dozens of missiles aimed at military targets inside the country." Biden administration officials have asked China and other nations to urge Iran not to respond to the consulate attack.

The Israeli government, which is currently waging a catastrophic war on the Gaza Strip, signaled it would respond forcefully to any Iranian retaliation, raising the possibility of direct US involvement.

Axios reported that the senior US military commander in charge of the Middle East visited Israel Thursday to coordinate around a possible attack on Israel by Iran and its proxies.

While war hawks in the US have used the surge in tensions to agitate for a direct American-Israeli attack on Iran, advocacy groups and anti-war commentators have warned against any additional escalation, fearing the eruption of all-out military conflict in the Middle East.

"A regional war involving the US, Israel, and Iran would be disastrous for US interests, the people of Iran, and the security of the region as a whole," the National Iranian American Council (NIAC) said earlier this week.

Responsible Statecraft columnist Daniel Larison wrote Friday that with its unwavering support for the Netanyahu government, the Biden administration is moving in the wrong direction.