Bloomberg report: Iran’s stranded oil and China’s reduced imports
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…
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