Financial Times: US Blockade Proving Effective as Iranian Oil Piles Up in Aging Tankers in Persian Gulf
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According to the Financial Times, a US blockade has restricted Iran's oil exports to Far East markets, forcing Iran to store its oil in aging tankers moored in the Persian Gulf. Data from the advocacy group United Against Nuclear Iran (UANI) shows about 39 tankers with Iranian oil are now stranded, up from 29 before the blockade took effect on April 13. The U.S. military stated it has diverted 72 vessels back to Iranian ports, indicating the blockade's success. This has pushed Iran's crude oil stored at sea to its highest level since the conflict began.