Thursday 05 July 2012

Report: Iran oil tankers 'floating aimlessly'

Ynet - Iran has been forced to store some 40 million barrels of oil that "that no one is willing to buy" because of a crippling embargo on a fleet of about 65 tankers "floating aimlessly" in the Persian Gulf, The New York Times reported Wednesday.

The newspaper quoted international oil experts as saying that Iranian exports have already been reduced by at least 25% since the beginning of the year, costing Iran roughly $10 billion so far in forgone revenues.




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