Iran Shifts to Single Tanker Loading for Oil Exports, Relocates Storage

Iran is maintaining crude oil supply by loading tankers one at a time and repositioning floating storage closer to Asia, two vessel tracking firms told Reuters, as the country seeks to preserve a vital revenue stream while under Israeli attack. Loadings at Kharg Island reached roughly 2.2?million barrels per day in recent days, a five-week high, while up to 8?million barrels of floating storage were shifted toward waters near China and Singapore, according to Bloomberg. The logistical changes are part of a broader strategy to insulate Iran’s…