"No one other than China, who was already buying it when it was sanctioned, has bought it, so it's still trading at a discount", and now not even China wants it.

Iran is struggling to sell its growing oil stockpile at sea as a US deadline looms, potentially costing Tehran vital revenue and weakening its negotiating position. Weak demand…

Iranian oil exports are seeking to build momentum after Washington temporarily eased restrictions, giving Tehran a 60-day window to find buyers and bring in badly needed revenue.