Bloomberg: Iran's offshore crude oil inventory rises to 58 million barrels, over 90% unsold.

BlockBeats news, July 2, according to Bloomberg, as of July 1, Iran's offshore inventory of crude oil and condensate has exceeded 58 million barrels, of which more than 90% have yet to find final buyers. Due to factors such as the incomplete lifting of European and American sanctions, unclear payment mechanisms, and weak demand in Asia, buyers are generally taking a wait-and-see approach, with a large number of tankers currently on standby, and some are planning to head to waters near Singapore for ship-to-ship transfers.

The report states that although Iran claims to have exported over 40 million barrels of crude oil since the US lifted the maritime blockade, the oil that has not been sold in time continues to accumulate. Meanwhile, India's state-owned refineries have secured crude oil supply through the end of August and are still waiting for clearer guidance from the US on the dollar payment mechanism, with no immediate plans to resume importing Iranian crude oil. The market believes that if Iran further expands its discount, it may stimulate some Asian buyers to re-enter the market.