In a stark illustration of mounting pressure on Iran’s oil sector amid the U.S. naval blockade of its ports, Tehran has reactivated a 30-year-old Very Large Crude Carrier (VLCC) that had been languishing in retirement off Kharg Island. The vessel, NASHA (IMO 9079107), built in 1996 and capable of holding approximately 2 million barrels of crude, is now being towed into service as floating storage. This move, highlighted in real-time analysis by …
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