Beard that tanker

Oil sanctions force Iran to disguise tankers to store - and smuggle - oil. Item in the Economic Times:

BANDAR ABBAS: The hulking tanker Neptune was floating aimlessly this week in the warm waters of the Persian Gulf, a fresh coat of black paint barely concealing its true identity as an Iranian ship loaded with hundreds of thousands of barrels of oil that no one is willing to buy. 
The ship's real name was Iran Astaneh, and it was part of a fleet of about 65 Iranian tankers serving as floating storage facilities for Iranian oil, each one given a nautical makeover to conceal its origin and make a buyer easier to find. The Neptune had been floating there for a month, and local fishermen said there were two even larger tankers anchored nearby.

Story.

There's no doubt that the sanctions will hurt the Iranian economy. The question is whether they'll have any effect at all on the nuclear program. It's hard at this point to see the Iranians dismantling it, and any agreement short of that should be unacceptable to the West.

One unintended consequence for the Iranians - the crisis is pushing their neighbors closer to the West, as demonstrated by the increased oil production which has helped drive the overall price of oil down, lessening the market for Iranian oil, smuggled or otherwise.

It's always been clear, though, that logic has nothing to do with the nuke program - which is why it's so dangerous.