Washington/Tehran: Iran’s oil exports have come under renewed pressure after the United States ended a sanctions waiver, leaving an estimated 63 million barrels of Iranian crude oil stranded at sea.
According to a report by Bloomberg, vessel-tracking data shows that tankers carrying millions of barrels of Iranian crude are either anchored or moving slowly between the Persian Gulf and the Strait of Malacca, awaiting buyers or clearance.
The report warned that if the United States fully reinstates its maritime restrictions amid rising regional tensions, around 50 million barrels of Iranian crude oil and refined petroleum products could remain trapped, further disrupting Iran’s energy exports.
The development comes a day after the United States accused Iran of targeting commercial vessels in the Strait of Hormuz and announced the reimposition of restrictions on Iranian oil sales.
Following the U.S.-Iran Memorandum of Understanding, Washington had previously allowed Iran to continue selling oil until August 21. However, the U.S. Treasury Department has now revised that deadline, limiting the waiver period to July 17 under the new sanctions measures.
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