Iran parks millions of oil barrels on tankers as buyers retreat | Reuters

Reuters – Iran is storing millions of barrels of oil on tankers in its territorial waters as Tehran struggles with tougher Western sanctions on its vital seaborne export trade, ship industry sources say.Irans oil revenues have fallen by about 50 percent since tough EU and U.S. measures were imposed last year, hurting business and cutting living standards for ordinary Iranians.

via Iran parks millions of oil barrels on tankers as buyers retreat | Reuters.

 

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