US EditionAnalysis: US Blockade Is Squeezing Iran's All-Important Oil Industry
Analysts say Iran has about 2 to 3 weeks of storage left as sanctions and a blockade trap crude at sea, forcing output cuts.
- On April 13, the U.S. initiated a blockade that stranded Iranian oil tankers, forcing Iran to consider dramatic production cuts within two weeks due to limited storage capacity.
- During his first term, President Donald Trump hiked sanctions as part of a 'maximum pressure' campaign, though the effort failed to secure a nuclear deal with Tehran.
- Wood Mackenzie analysts estimate Iran will exhaust storage capacity in three weeks, with Alexandre Araman writing that 'if the blockade persists, cuts become inevitable.'
- On Monday, Oil Minister Mohsen Paknejad praised terminal staff for their 'continuous perseverance,' while U.S. Treasury Secretary Scott Bessent claimed on X the blockade is collapsing the industry.
- Miad Maleki, a former U.S. Treasury sanctions expert, warned that shutting down oil wells could cause irreversible damage and trigger new unrest among workers if operations halt.
15 Articles
15 Articles
The Toronto Star
Analysis: US blockade is squeezing Iran’s all-important oil industry
DUBAI, United Arab Emirates (AP) — Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by
Associated Press News
Analysis: US blockade is squeezing Iran's all-important oil industry
Even as Iran maintains its chokehold on the Strait of Hormuz, the Islamic Republic increasingly finds itself squeezed by an American blockade threatening its oil industry.
NBC Boston
'Significant slowdown': U.S. blockade squeezes Iran's all-important oil industry
Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is pumping out and diminishing room to store it at home, Iran may be forced to dramatically reduce or cease production from some of its wells, perhaps beginning in as little as two weeks, experts say. The situation likely isn’t as dire as President …
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