India, Jan. 13 -- Iran has accumulated a record volume of oil at sea, equivalent to about 50 days of production. This is as Chinese purchases have slowed due to sanctions and Tehran moves to shield its supplies from the risk of potential US strikes, shipping data firm Kpler said.
According to Kpler, Iranian crude and condensate stored on tankers, either in transit or as floating storage, climbed to a record 166 million barrels in the week ended January 11, the highest level since its records began in 2016, Reuters reported.
The build-up comes as Iran, one of OPEC's largest producers, faces its biggest anti-government protests in years, while US President Donald Trump has warned of possible military action.
Kpler analyst Homayoun Falaks...
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