TEHRAN -- Anticipating the possible lifting of U.S. sanctions, Iran has amassed 150 million barrels of oil on ships off its coast, sources tell Nikkei Asia.
In Bushehr Province, across the Persian Gulf from Kuwait and Saudi Arabia's east coast, a long queue of tankers floats near the shore. These ships hold Iran's surplus oil, which can be pumped into the market as soon as sanctions are lifted, local officials said.