HMM:
JUST IN: Iran just pulled a thirty-year-old empty supertanker out of retirement and began towing it toward Kharg Island. She is moving so slowly that a voyage that should take a day and a half is taking four days.
Her name is NASHA. IMO 9079107. Built 1996. A two-million-barrel… pic.twitter.com/Y2bRmcAwla
— Shanaka Anslem Perera ⚡ (@shanaka86) April 24, 2026
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The reason she is moving at all is that Iran is running out of places to put the oil.
Kharg Island handles roughly ninety percent of Iran’s crude exports. Its onshore tanks had about thirteen million barrels of spare capacity when the US blockade began on April 13. Net inflow since has been running at one million to one point one million barrels per day because exports have collapsed to single digits of vessels while upstream production continues. The math is mechanical. Roughly twelve days of spare capacity. The calendar says that window closes this week.
NASHA is not a strategy. NASHA is what you do when you have run out of strategy.
A two-million-barrel floating storage vessel buys Iran approximately forty-eight hours of continued upstream production. After that, either the wells get shut in or the crude goes somewhere else. The parallel options being pursued, ship-to-ship transfers in the Riau Archipelago, AIS-dark transits, sanctioned VLCCs returning home through the blockade line, are not enough. Lloyd’s List Intelligence has tracked roughly twenty-six Iran-linked vessels evading since April 13. That cannot absorb a million barrels a day.
The wells will shut in. The question is which wells, for how long, and whether they come back.
Bringing those wells back takes months, at least.
This is exactly what Trump meant yesterday when he said time was on his side.