Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › World News › Iranian Oil at Sea Left in Limbo After US Revokes 60-Day Waiver
World News

Iranian Oil at Sea Left in Limbo After US Revokes 60-Day Waiver

Iranian Oil at Sea Left in Limbo After US Revokes 60-Day Waiver
Bloomberg Markets Wednesday 08 July 2026, 03:37 UTC By Yongchang Chin, Rong Wei Neo 1 min read
Key Points

Iranian Oil at Sea Left in Limbo After US Revokes 60-Day Waiver Tens of millions of barrels of Iranian oil already on tankers have been left in limbo after the US walked back a waiver allowing the Islamic Republic to sell the crude. There are around 63 million barrels of Iranian oil currently on the water, either in transit or idling, according to Bloomberg calculations based on Vortexa data. The crude is on vessels in the Persian Gulf and spread across Asian waters.

Iranian Oil at Sea Left in Limbo After US Revokes 60-Day Waiver Tens of millions of barrels of Iranian oil already on tankers have been left in limbo after the US walked back a waiver allowing the Islamic Republic to sell the crude. There are around 63 million barrels of Iranian oil currently on the water, either in transit or idling, according to Bloomberg calculations based on Vortexa data. The crude is on vessels in the Persian Gulf and spread across Asian waters. Most of these ships are not indicating a clear destination or are signaling that they’re available for orders, meaning they haven’t found a buyer.
Iranian (ORG) Limbo (LOCATION) US (LOCATION) the Islamic Republic (LOCATION) Bloomberg (ORG) Vortexa (ORG) the Persian Gulf (LOCATION) Asian (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

More ‘deadly’ heat is on the way: Can Europe’s waterways cool us down and replace air con?

“District cooling offers clear benefits for cities aiming to safeguard public health and cut emissions.” Europe’s next heatwave is already building over the Atlantic, as the World Health Organization (WHO) warns that more “deadly weeks may still lie ahead”. Spain’s weather agency AMET has declared a top level red heat alert in three eastern regions, warning that temperatures could reach a sweltering 42C this week.

Euronews 30m ago

Tyler Robinson's and Lance Twiggs' DNA both allegedly found on key evidence in Charlie Kirk's assassination

PROVO, Utah — A towel and screwdriver recovered during the investigation into Charlie Kirk’s assassination allegedly had his suspected killer Tyler Robinson’s DNA on it — along with that of his former lover and roommate, Lance Twiggs. Robinson, 23, allegedly used the towel to conceal the suspected murder weapon in the woods near Utah Valley University on Sept. 10, 2025.He is accused of fatally shooting the 31-year-old Kirk during a Turning Point USA event at the school that day. CHARLIE...

Fox News 30m ago

In Philippines, solar power becomes ‘practical necessity’ as energy costs soar

Joab Jorge runs Dream Latte Cafe, a speciality coffee shop and small-batch roastery, with his mother Ces out of their old ancestral home in Pilar, a town in Bataan province some 180km (112 miles) northwest of Manila. Rising electricity costs and frequent blackouts have put a strain on the business, which has already had to raise prices by 10 per cent to cover higher costs for goods and imported coffee beans since the energy crisis triggered by the closure of the Strait of Hormuz in February.

South China Morning Post 30m ago

ICE arrests Australian accused of illegally voting in US elections

Australian woman arrested in US after allegedly voting illegally in federal elections Wed 8 Jul 2026 at 2:24pm An Australian woman has been arrested in the United States after an Immigration and Customs Enforcement (ICE) investigation found she had allegedly voted illegally in multiple federal elections. Denise Nataly Migliore, 51, was indicted on four counts on June 11 for illegal voting in an election and making false statements in order to register to vote, according to the US Attorney's...

ABC Australia 36m ago