In contrast, Iranian floating storage has largely held near 27 million barrels since its waiver on Friday, according to Vortexa Ltd. State-owned firms in China and India are holding back, citing hurdles around payment, insurance and finding compliant ships. Floating storage typically refers to tankers idled at sea for at least a week. It’s used as an indicator of availability, although it excludes vessels in transit that may be carrying unsold cargoes.