According to today’s Stratfor report, Iranian oil is being stockpiled in large amounts in tankers here and there in and around Iran. The claim from Tehran is that its an attempt to drive prices up and basically cause discomfort to the west. None of the numbers add up for this claim however and a more likely reason is because like Venezuela, the quality of the crude from these sites simply isn’t good enough to get a high dollar value.
From Stratfor:
