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Iran Port Throughput Rises After Months of Decline

Non-oil goods accounted for over 34.99 million tons of the total throughput, showing a 4.48% rise year-on-year. The remaining 14.35 million tons pertained to oil products, indicating a 3.99% decline YOY
Iran Port Throughput Rises After Months of DeclineIran Port Throughput Rises After Months of Decline

More than 49.34 million tons of commodities were loaded and unloaded in Iran’s commercial ports during the first four months of the current Iranian year (March 21-July 22) to register a 1.87% rise compared with the corresponding period of last year.
According to figures published on the Ports and Maritime Organization of Iran's website, non-oil goods accounted for over 34.99 million tons of the total throughput, showing a 4.48% rise year-on-year. 
The remaining 14.35 million tons pertained to oil products, indicating a 3.99% decline YOY.
This is the first time in months that PMO's monthly reports indicate a rise in throughput, as the volume of goods handled by Iranian ports took on a declining trend after last year's US reimposition of sanctions against the Islamic Republic.
US President Donald trump announced in May 2018 that the country was pulling out of the nuclear deal Iran signed with world powers, including the United States. The deal, formally known as the Joint Comprehensive Plan of Action, was signed in 2015 and implemented a year later. It saw Tehran limiting the scope of its nuclear program in exchange for the removal of international economic sanctions.

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