Half their tanker fleet is parked at Kharg being used to store crude.
China has cut back their purchasing to 250,000 bpd.. and are paying deeply discounted price per barrel.
Its not media hype.
Thats because they dont have refining capacity and a growing economy.They have had gas rationing since 2007..
Yes, now it is because of sanctions and waiting for better prices... Goldman Sachs does it also.Half their tanker fleet is parked at Kharg being used to store crude.
again sanctions.. and a bit of political pressure.China has cut back their purchasing to 250,000 bpd.. and are paying deeply discounted price per barrel.
Most of it is, and the speculators in Asia and West use it to earn billions of profits.Its not media hype.
The tankers have been parked at Kharg since March.. They can't sell their oil.. and they can't ramp down production substantially without destroying the reserves. They can't get parts and equipment.
Have you seen the US debt level lately?
Keep printing money
Why do you focus on Iran? Seems like you have taken the propaganda bait hook line and sinker
You werent one of those Americans who thougt Saddam Hussein was involved with the 9/11 attacks and that he had WMDs were you?