Iran’s Shadow Tanker Fleet Runs Out of Stored Oil After U.S. Blockade
Iran’s floating crude storage in tankers off Asia has been depleted after a months-long U.S. blockade, according to the Wall Street Journal.
By Jon EmontFor most of the war, Iran had an invaluable cushion: dozens of oil tankers holding millions of barrels of crude sitting safely in waters in Asia. Tehran steadily sold the oil to China, bringing in billions of much-needed cash.Now, that floating storage is gone. By mid-October, the reser…