The amount of Iranian oil that’s readily available to Chinese buyers is rapidly running out, showing the effectiveness of the US blockade of the country’s ports at choking off revenue to Tehran. About 40 million barrels of the Islamic Republic’s crude is sitting on vessels near Singapore, in an area that’s a popular ship-to-ship transfer location for oil heading to China, according to Kpler. However, only 10% of that, or two supertanker cargoes, remains unsold, the data intelligence firm said, citing market participants. #oott https://www.bloomberg.com/news/articles/2026-08-21/iranian-oil-supply-to-chinese-refiners-squeezed-by-us-blockade

The amount of Iranian oil that’s readily available to Chinese buyers is rapidly running out, showing the effectiveness of the US blockade of the country’s ports at choking off revenue to Tehran. About 40 million barrels of the Islamic Republic’s crude is sitting on vessels near Singapore, in an area that’s a popular ship-to-ship transfer location for oil heading to China, according to Kpler. However, only 10% of that, or two supertanker cargoes, remains unsold, the data intelligence firm said, citing market participants. #oott https://www.bloomberg.com/news/articles/2026-08-21/iranian-oil-supply-to-chinese-refiners-squeezed-by-us-blockade

Source:https://x.com/staunovo/status/2090687827826643356