Iran's Strategic Oil Reserve Depleted as Cash Crisis Deepens

🛢️ TEHRAN — The financial cushion Iran spent years building just ran out. 📌 LOOK CLOSER: Iran's floating reserve — millions of barrels offloaded to China — was the buffer absorbing sanction pressure while IRGC operations continued. Its depletion means Tehran's cash flow now depends entirely on real-time exports through channels OFAC is actively closing. With the toman at record lows and $25B blocked, Iran's war-sustaining capacity shrinks fast before November 5.