Iran’s floating oil storage has continued to decline as the country faces increasing pressure on its oil export activities, according to recent industry reports. Analysts monitoring tanker movements said large volumes of Iranian crude oil that had been stored aboard tankers in Asian waters are gradually being drawn down, reducing the reserves available for future exports.

Data from market intelligence firms showed that Iranian oil held in floating storage fell significantly between April and the end of May. Much of the decline was linked to cargoes being discharged in Asia, particularly in China, which has remained a major destination for Iranian crude shipments. Industry observers noted that the reduction in floating storage suggests that previously accumulated reserves are being used to maintain supply despite ongoing restrictions on exports.

Reports also indicated that a substantial portion of Iran’s remaining floating storage is located near the Middle East, while other volumes remain positioned near Asian markets. Analysts said that if the current pace of withdrawals continues, some of the storage reserves outside the Gulf region could decline further in the coming weeks.

At the same time, loading activity at some Iranian export facilities has reportedly slowed. Industry trackers noted limited tanker loading operations at key terminals, adding to concerns about future export capacity. Observers said that continued disruptions could place additional pressure on Iran’s oil revenues, which remain an important source of income for the country.

Despite these challenges, analysts believe that Asian buyers, particularly in China, still have access to previously accumulated Iranian crude supplies. However, they noted that prolonged restrictions on exports and shipping could make it more difficult for Iran to replenish those stocks and sustain sales at previous levels.

Market observers said the situation remains closely tied to developments in regional security and maritime trade routes. Any changes affecting shipping access, export terminals, or oil transportation could influence how quickly Iran can restore normal export operations and rebuild its floating storage reserves.