Data from oil-tanker tracking companies shows that about 58 to 68 million barrels of Iranian oil remains adrift in Asian waters and is moving or stationary without a specific customer. Bloomberg writes that 90% of Iran’s oil stocks on the water have neither a particular customer nor oil tankers that indicate a specific destination. This comes as China, the Islamic Republic’s only oil customer during the sanctions period, has reduced its daily oil imports from Iran over the past month to 650,000 barrels, half of May and about one-third of March. The report adds that China’s state-run refineries are currently avoiding Iranian oil, because they have already secured their crude oil needs at least through the end of August, and they are also seeking clarification from Washington regarding foreign-currency payments.