Iran's unsold oil piles up at sea as buyers stay wary
- Posted on July 2, 2026
- By Business News Today
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- 1 min read
Iran's unsold oil piles up at sea as buyers stay wary
Iran is struggling to sell its growing oil stockpile at sea as a US deadline looms, potentially costing Tehran vital revenue and weakening its negotiating position. Weak demand from China, its primary buyer, and lingering sanctions concerns are major hurdles. While some oil has been discharged in China, India remains cautious, awaiting payment clarity and a full sanctions lift. Attractive pricing could still revive Asian interest.
