Dutchy

NOW - Netanyahu: "Jesus Christ has no advantage over Genghis Khan. Because if you are strong enough, ruthless enough, powerful enough, evil will overcome good."

The Jewish people created Turkey. The Jewish people are the ones who will dilute them. Do you agree?

As of March 19, 2026, there are roughly 180 to 200 million barrels of Iranian crude and condensate sitting on tankers offshore, effectively “oil on water” that has been constrained by sanctions and logistics bottlenecks. This is an unusually large floating stockpile, built up over months as Iran continued producing but faced limits in selling and transporting oil. To put that into perspective, this volume alone represents nearly 2 days of total global oil consumption, or several months of Iran’s typical export capacity. In theory, if sanctions were suddenly lifted, this oil is already loaded, already at sea, and could begin flowing into the global market much faster than new production. If fully released, this could translate into an additional 0.5 to 1.5 million barrels per day entering global supply over weeks, not instantly. It would act as a short-term supply buffer, especially in a market currently facing disruption in key flows like the Strait of Hormuz. The immediate effect would likely be psychological and pricing relief, potentially easing crude prices in the near term. However, this is finite inventory, not ongoing production, meaning once absorbed, the effect fades. More importantly, the current crisis is driven by flow disruption (shipping, insurance, geopolitics), not just lack of stored oil. Even if the U.S. were to unsanction this oil, it would not fundamentally solve the current energy shock. It could temporarily cool prices and reduce panic, but it cannot replace sustained supply or fix disrupted trade routes. In a 100 million barrels per day global system, this is meaningful but not transformative. It buys time, it does not resolve the underlying imbalance.