Strategy Note /
Iran

Iran's new oil pipeline avoids Hormuz but it really needs new output capacity

  • Iran has inaugurated a pipeline that circumvents the Strait of Hormuz choke point, with potential capacity of 1mn bpd

  • Of course, the key issue remains progress in stalled negotiations over a new nuclear deal with the US

  • Moreover, Iran's immediate output-expansion potential likely cannot make up the gap to 2017 peak exports

Iran's new oil pipeline avoids Hormuz but it really needs new output capacity
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
22 July 2021
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