About 42 million barrels of Iranian crude are now sitting on Iranian tankers, many of these old vessels, in the Middle East, a 65% surge compared to the beginning of the war, per Kpler estimates cited by FT.

Iranian crude stockpiled on tankers near the Strait of Hormuz has surged 65% since the U.S. naval blockade began in April, with 42 million barrels now adrift at sea.

About 42 million barrels of Iranian crude are now sitting on Iranian tankers, many of these old vessels, in the Middle East, a 65% surge compared to the beginning of the war, per…

Iran has launched a controversial permit and toll system in the Strait of Hormuz, deepening its control over one of the world’s most critical energy shipping routes amid…