Iran's offshore crude oil reserves depleted

(1) For most of the duration of the ongoing conflict, Iran possessed a valuable buffer resource: dozens of tankers carrying millions of barrels of crude oil safely anchored in Asian waters. (2) By continually selling this crude oil, Tehran obtained billions of dollars in much-needed cash. (3) Now, these offshore reserves no longer exist; according to Kpler analysts, as of mid-October, the reserves have been completely depleted due to the blockade imposed by the US Navy, which has hindered Iran's ability to replenish its crude oil supplies.