Iran Losing Access to 2 Million Barrels Daily Export Capacity

What was said

"We know that with the double blockade in place, the Iranians are losing access to places to put crude. Normally they export about 2 million barrels a day, mostly on shadow tankers, mostly in violation of sanctions, that goes out of the Strait of Hormuz to India, around India, around the Strait of Malacca, and up into Northeast Asia, primarily China."

Zeihan revealed that current blockade operations have effectively cut off Iran's normal 2 million barrel per day crude export route to China and Northeast Asia. Iran is now using mothballed tankers as floating storage near Kharg Island, with approximately 20 tankers already parked in the Indian Ocean and an expected 10 more arriving next week, representing their entire shadow fleet.