Iran Moves Millions Of Barrels Of Oil Onto Tankers As Nuclear Agreement Nears

Iran is preparing for a possible lifting of the U.S. sanctions on its oil exports in case a deal is reached in the ongoing nuclear talks, as the Islamic Republic seems to have accelerated the transfer of millions of barrels of crude onto tankers in recent weeks. The volume of crude oil on tankers around Iran has surged by 30 million barrels since the start of December and is now around 103 million barrels in floating storage, Bloomberg reported on Wednesday, citing data from commodity intelligence firm Kpler. The talks about the United States and…