🇺🇸🇮🇷 Iran hasn't shipped a barrel past the American blockade since July, and twenty of its empty tankers sit off Sri Lanka waiting for a war that could sink them
The satellites don't lie about tank lids.
Sal Mercogliano watches the storage tanks at Kharg and Jask, and their floating roofs haven't risen in two months, which means Iran stopped filling them because nothing can leave.
Meanwhile, Washington has hit fourteen tankers and sunk two, one after a three-hour warning to the crew, as a message to anyone carrying Iranian crude.
Gulf oil, on the other hand, is moving again, eight to ten million barrels a day under night escorts, at charter rates twenty times what they were.
So who breaks first? Sal's answer comes with a warning attached:
"The U.S. is playing a very dangerous game with the Iranians"
Iran has held back the one card Russia plays daily, hitting tankers in port while they load. A cornered economy might reach for it.
@mercoglianos