Iranian oil smuggling drops 60pc, claim sources

KARACHI: The influx of smuggled Iranian oil has drastically declined as tankers were hit inside Balo­chistan, causing heavy losses to those involved in this illegal business, according to sources in the oil sector. The oil companies have been demanding that oil smuggling be stopped, but it has continued for years. However, the arrival of Iranian petroleum products increased after the US-Israeli war on Tehran began, pushing crude oil prices above $100 per barrel. “Over the past month and a half,...