Iran Oil Exports Near Zero But Peace Deal Not Likely, FGE Says

gCaptain · Bloomberg · 2026-11-06 13:06 UTC

Iranian oil exports have dwindled to almost nothing under the US naval blockade, but the chance of an imminent deal between the two sides to end the war is low, according to FGE NexantECA.

By Rong Wei Neo

Nov 6, 2026 (Bloomberg) –Iranian oil exports have dwindled to almost nothing under the US naval blockade, but the chance of an imminent deal between the two sides to end the war is low, according to FGE NexantECA.

The Republican Party’s disastrous showing in the midterm elections means Tehran perceives President Donald Trump as politically weakened, FGE Chairman Emeritus Fereidun Fesharaki said in a Bloomberg TV interview with Haslinda Amin. Iran is now making demands the White House cannot accept, he said.

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