What does Iranian crude mean?
Iranian crude refers to crude oil that is produced in Iran. Iran is a major oil producer and exporter in the Middle East, with some of the largest oil reserves in the world. Iranian crude is considered to be of high quality due to its relatively low sulfur content and other desirable characteristics. It is primarily exported to countries in Asia, Europe, and South America. The production and export of Iranian crude play a significant role in the country's economy and geopolitical influence.