
US Naval Blockade Forces Iran to Stockpile Oil
A US naval blockade is significantly hindering Iran's oil exports, compelling the country to store large quantities of crude oil on tankers due to the inability to sell it.
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Iran forced to stockpile crude oil on tankers as US blockade continues
The loss of Iranian supply adds to wider market tightness as the war has effectively closed the Straight of Hormuz
By Nerijus Adomaitis and Ahmad Ghaddar
Read full article →US naval blockade squeezes Iran's oil exports, forces crude onto floating storage
Iran’s oil exports have been slashed by over 80 per cent, with analysts saying only “around 4 million barrels” have made it out.
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