US Central Command destroys three IRGC crude oil tankers in Gulf operations

1 min read | Published on 05 Sept 2026, 07:40 PM |Updated on 05 Sept 2026, 07:40 PM

Reviewed by

Shriram SScanX News Team

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Key Highlights

U.S. Central Command permanently disabled IRGC crude oil carriers M/T Downy off Kharg Island and M/T Stark 1 near Jask
The unladen crude oil carrier M/T Kylo, also known as the 'Noxen', was completely destroyed in the Gulf of Oman after its crew was directed to abandon ship
M/T Kylo was struck in multiple critical locations before being destroyed
U.S. Central Command described the three tankers as part of a multibillion-dollar shadow network funding the IRGC and its regional proxies

*this image is generated using AI for illustrative purposes only.

U.S. Central Command permanently disabled two Islamic Revolutionary Guard Corps crude oil carriers and completely destroyed a third, targeting what it described as a multibillion-dollar shadow network funding the IRGC and its regional proxies.

Operations against IRGC tankers

The military action targeted three vessels linked to the IRGC. The following table summarises the operations carried out against each tanker:

Vessel	Action taken	Location
M/T Downy	Permanently disabled	Off Kharg Island
M/T Stark 1	Permanently disabled	Near Jask
M/T Kylo (also known as 'Noxen')	Completely destroyed	Gulf of Oman

Details of the strike on M/T Kylo

The M/T Kylo, also known as the Noxen, was an unladen crude oil carrier struck in multiple critical locations. Before the vessel was destroyed, the crew was directed to abandon ship. U.S. Central Command described the operation as targeting a key component of the IRGC's logistics infrastructure.

Shadow network funding the IRGC

U.S. Central Command characterised the three tankers as part of a multibillion-dollar shadow network that funds the IRGC and its regional proxies. The military framed the strikes as an effort to disrupt this financing structure by neutralising vessels integral to the network's crude oil transport operations.

How might the disruption of the IRGC's shadow oil network impact global crude oil supply chains and prices in the short term?

What retaliatory measures could Iran or its regional proxies take in response to these strikes, and how might they affect regional stability?

Will this military action lead to expanded sanctions or new legislative measures targeting entities involved in Iran's illicit oil trade?

Iraq's August oil exports reach 73 mln barrels, revenues at $4.5 bln

0 min read | Published on 04 Sept 2026, 12:17 AM |Updated on 04 Sept 2026, 12:17 AM

Reviewed by

Ritika DScanX News Team

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Key Highlights

Iraq's oil exports in August stood at 73 million barrels, the highest level since the Iran war
Oil revenues for August were around $4.5 billion, as reported by SOMO
The figures mark a historically significant export volume for Iraq's oil sector

*this image is generated using AI for illustrative purposes only.

Iraq's oil exports in August reached 73 million barrels, the highest level since the Iran war, with revenues of around $4.5 billion, according to the State Oil Marketing Organisation (SOMO).

Export and revenue highlights

The August figures mark a significant milestone for Iraq's oil sector, with SOMO reporting both a record export volume and substantial revenue generation for the month. The following table summarises the key metrics reported:

Metric	August figures
Oil exports	73 million barrels
Oil revenues	Around $4.5 billion
Historical context	Highest since the Iran war

SOMO's disclosure places Iraq's August oil export performance at its highest point since the Iran war era, underscoring the scale of the country's crude output and sales activity during the month.

Will Iraq's OPEC+ production quotas allow for sustained export volumes at this record level, or will output be capped in subsequent months?

How might this surge in revenue impact Iraq's fiscal deficit and its ability to fund critical infrastructure and social subsidies?

What are the potential geopolitical risks, particularly regarding regional stability or sanctions, that could threaten the continuity of these export levels?