Around 63 million barrels of Iranian crude oil are reportedly stranded at sea after the expiration of sanctions-related exemptions, creating fresh uncertainty in global energy markets already affected by rising geopolitical tensions.

According to a report by Bloomberg, Iranian oil tankers loaded with crude are either anchored or moving through various locations in the Persian Gulf as exporters face growing challenges in delivering shipments to international buyers.

The report warned that if the current situation continues, an additional 50 million barrels of crude oil and refined petroleum products could also face delays, potentially affecting regional and global energy supplies.

The development comes at a time when tensions between the United States and Iran remain elevated following recent military confrontations. Energy analysts say uncertainty over Iranian exports could increase pressure on global oil markets and contribute to further price volatility.

Oil prices have already moved higher in recent days. Brent crude rose nearly 1 percent to around $79 per barrel, while US West Texas Intermediate (WTI) crude gained about 1 percent to trade at $74.37 per barrel. UAE Murban crude recorded a stronger increase of 6.67 percent, reaching approximately $74 per barrel.

Market observers believe that any prolonged disruption to Iranian oil exports could tighten global supplies, especially if shipping routes in the Gulf region face additional risks.

Traders are closely monitoring developments involving Iran, sanctions policy and regional security, as these factors continue to influence oil prices and investor sentiment worldwide. The situation has also renewed concerns about energy security and the potential impact on fuel costs in importing countries.