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Iran's Floating Oil Stockpile Jumps 65% As U.S. Naval Blockade Bites
Iran's Floating Oil Stockpile Jumps 65% As U.S. Naval Blockade Bites
By Charles Kennedy of OilPrice.com
The volumes of Iranian oil stored at tankers in and around the Strait of Hormuz have jumped in recent weeks as Iran considers ways to circumvent the U.S. blockade in the Gulf of Oman aimed at choking Iranian oil exports.
The number of tankers laden with crude but sitting in the Persian Gulf and near the Strait of Hormuz has jumped since the U.S. initiated in the middle of April a naval blockade to prevent Iranian...
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