US sanctions have taken 95% of Iranian crude oil exports off the world market. The US continued to work with allies to form an international coalition to protect commercial traffic through the Strait of Hormuz. "We are committed to keeping the Strait of Hormuz open and secure," Pompeo said.Earlier this month, Brian Hook, the US State Department's special representative for Iran, has stated that Iran's oil exports likely fell below 300,000 b/d in June. According to experts Iranian exports to average 400,000-450,000 b/d in the second half of 2019, down from 1.5 million b/d in the first half. Iran is also using to ship-to-ship transfer to sell its oil at ports, with STS facilities in the Persian Gulf and parts of Southeast Asia.Iranian crude is shipped to these regions using feeder ships and then transferred to smaller vessels that do not mention Iran as the origin.
