Iran's Floating Oil Reserves Plunge from 90M to 29M Barrels

Iran's floating oil reserves, held on tankers outside the U.S. naval blockade zone, have dropped from 90 million to 29 million barrels, indicating accelerated exports or domestic consumption. This rapid drawdown suggests Iran is monetizing stored crude amid ongoing sanctions, potentially easing global supply concerns. The sustainability of this pace is uncertain, as it may reflect a one-time liquidation rather than a sustained export surge.