NEW YORK/HOUSTON, Texas -- Iranian crude oil has lost access to markets in Asia as a result of a U.S. Navy blockade of the Strait of Hormuz, leaving Tehran scrambling to find storage space for the oil it is still producing.
NEW YORK/HOUSTON, Texas -- Iranian crude oil has lost access to markets in Asia as a result of a U.S. Navy blockade of the Strait of Hormuz, leaving Tehran scrambling to find storage space for the oil it is still producing.