IRAN FLEET OF SHADOW TANKERS HAS RUN OUT OF OIL AFTER MONTHSLONG US BLOCKADE

What happened: Analysts at Kpler say Iran's floating oil storage off Asia was fully depleted by mid-October, as Why it matters: The loss of oil revenue is a further blow to Iran's economy, which faces high inflation and shortages, and the U.S. gamble is that economic pressure pushes Tehran into nuclear negotiations or sparks internal protests. Non-Iranian Middle East oil recently exceeded prewar levels. Summary: Iran's floating oil reserves are exhausted after a U.S. blockade, costing Tehran billions in revenue and adding pressure to an economy already facing high inflation and shortages.

Analysts at Kpler say Iran's floating oil storage off Asia was fully depleted by mid-October, as

The loss of oil revenue is a further blow to Iran's economy, which faces high inflation and shortages, and the U.S. gamble is that economic pressure pushes Tehran into nuclear negotiations or sparks internal protests. Non-Iranian Middle East oil recently exceeded prewar levels. Summary: Iran's floating oil reserves are exhausted after a U.S. blockade, costing Tehran billions in revenue and adding pressure to an economy already facing high inflation and shortages.