WSJ report
Shipments from Iran are set to decline by a third as buyers pull back, according to the WSJ.
"Officials at the state-run National Iranian Oil Co. provisionally expect crude shipments to drop to about 1.5 million barrels a day next month, down from about 2.3 million barrels a day in June, say people familiar with the country's ports loading program."
The oil market isn't reacting to this report, so maybe the drop isn't such a surprise after all.
