Between 58 and 68 million barrels of Iranian oil are currently afloat at sea, with more than 90% of the cargo lacking a confirmed destination, according to calculations by Bloomberg.
The data underscores the severe logistical gridlock facing Iranian crude exports as geopolitical friction continues to disrupt normal trade flows.
8 billion on Iran, according to Pentagon assessments confirmed by multiple media outlets.
The accumulation of unlanded cargo represents a significant supply-side anomaly.
While the oil is physically present in the global system, its inability to reach end-users effectively removes it from immediate market availability, contributing to tighter perceived supply conditions.
This bottleneck is exacerbated by the ongoing naval blockade in the region, which has imposed a cumulative financial burden of $4.8 billion on Iran, according to Pentagon assessments confirmed by multiple media outlets.
The situation reflects the broader impact of the Iran war impasse on energy markets.