Iran's oil stored on water hits a record high, Kpler says

Core Viewpoint - Iran is currently holding a record amount of oil on the water, which is approximately equivalent to 50 days of its oil output, due to reduced purchases from China amid sanctions and efforts to safeguard supplies from potential U.S. strikes [1] Group 1 - Iran's oil on the water is at a record level, indicating a significant accumulation of unsold oil [1] - The volume of oil held is equivalent to around 50 days of Iran's oil production [1] - China's reduced oil purchases from Iran are attributed to ongoing sanctions [1] Group 2 - Tehran is taking measures to protect its oil supplies from the risk of U.S. military actions [1] - Shipping data from intelligence firm Kpler highlights the current situation regarding Iran's oil reserves [1]