[Bloomberg: Iran's Offshore Crude Oil Inventory Rises to 58 Million Barrels, Over 90% Unsold] BlockBeats News, July 2, according to Bloomberg, as of July 1, Iran's offshore crude oil and condensate inventory has exceeded 58 million barrels, with over 90% yet to secure final buyers. Factors such as the incomplete lifting of Western sanctions, unclear payment mechanisms, and weak demand in Asia have led buyers to adopt a wait-and-see approach. A large number of tankers are currently on standby, with some planning to head to waters near Singapore for ship-to-ship transfers. The report states that although Iran claims to have exported over 40 million barrels of crude oil since the U.S. lifted its maritime blockade, unsold crude continues to accumulate. Meanwhile, Indian state-owned refineries have secured crude oil supplies through the end of August and are still waiting for clearer guidance from the U.S. on dollar payment mechanisms, with no immediate plans to resume importing Iranian crude oil. The market believes that if Iran further increases its discount rates, it may stimulate some Asian buyers to re-enter the market. [Original Link]