Iranian Deputy Oil Minister says 40% of the damaged capacity of South Pars has returned to production, Fars reports

Statements on capacity restoration at South Pars land in the gas and condensate complex rather than the crude complex, which matters for how the tape reads them: the field is predominantly a gas and condensate producer feeding domestic demand and petrochemicals, so the direct crude-supply channel is limited, and Iranian barrels of any kind sit behind sanctions that already keep official flows discounted and opaque. The 40% figure is self-reported through a state-affiliated outlet, and in past episodes of damage to Gulf energy infrastructure the official restoration timeline has tended to run ahead of verified output, with independent tanker and condensate tracking eventually settling the question. Precedent from prior infrastructure strikes in the region is that the risk premium built on the outage deflates in stages as restart claims accumulate, but only fully once loadings confirm it. The distinction worth drawing is between wellhead capacity returning and exportable volumes returning, since processing, storage and shipping constraints have historically lagged field restarts. Follow-ons of note are any confirmation from the other side of the damage assessment, revisions to the remaining 60% timeline, and whether condensate and LPG flows rather than headline capacity figures corroborate the claim.