Iran rushes to sell oil to India after Trump sanctions waiver - all you need to know
AI Summary
Iran is accelerating oil sales to India following a sanctions waiver by the Trump administration. Around 68 million barrels of crude and condensate remain floating at sea, with over 80% lacking confirmed destinations, highlighting potential market availability.
Data from Vortexa, combined with Bloomberg calculations, show that around 68 million barrels of crude and condensate were floating at sea as of June 22. More than 80% of that volume does not appear to have a confirmed destination, potentially making it available for sale.
Politics Markets Commodities Energy Shipping Iran India oil sales sanctions waiver crude oil floating cargo energy markets