Around 32 million barrels of Iranian oil on water Floating oil volumes have more than doubled since January Iran laying the ground for an export revival Iran is starting to build its offshore oil storage as chances of a new nuclear deal grow higher, which will enable it to reclaim its lost oil market share, trading and shipping sources said May 24. Iran is preparing for a quick ramp-up of its output and exports as the US, Iranian and European negotiators kick off the fifth round of indirect talks this week in Vienna over the deal, known as the Joint Comprehensive Plan of Action. Iranian oil on floating storage has more than doubled since mid-January when Joe Biden became US president. Iran’s oil tankers were holding around 32 million barrels of crude and condensate at sea […]