Tens of millions of barrels of Iranian oil already on tankers have been left in limbo after the US walked back a waiver allowing the Islamic Republic to sell the crude.
There are around 63 million barrels of Iranian oil currently on the water, either in transit or idling, according to Bloomberg calculations based on Vortexa data. The crude is on vessels in the Persian Gulf and spread across Asian waters. Most of these ships are not indicating a clear destination or are signaling that they’re available for orders, meaning they haven’t found a buyer.
