Iran Sold Over 13 Million Barrels Of Oil Held On Tankers In Post-Deal Price Jump
Remember when back in April we showed a strange map of the Iranian oil tanker armada, which according to Windward data was storing as much as 50 million barrels offshore, yet which was just sitting on anchor going nowhere?
As a reminder, Iran has lacked sufficient land storage facilities to store its oil and, to enable it to keep pumping crude, has relied on its tanker fleet to park excess stocks until it can find buyers.