US EditionIran Runs Out of Oil Storage as US Blockade of Strait of Hormuz Holds
12 Articles
12 Articles
Iran to run out of space to store oil in weeks? What happens then?
US Iran News: A report by research firm Kpler has revealed that Iran is running out of space to store its oil. If storage reaches its limits within weeks, Iran might have to shut down its oil production operations. The fuel crisis can deepen as oil exports have been choked by the US naval blockade near the Strait of Hormuz.
For several weeks, the United States, which is trying to bring Tehran back to the negotiating table, has imposed a maritime blockade on traffic to and from Iranian ports in the Strait of Hormuz. A situation that has divided Iranian oil exports by four, to the point that the country is drowning in [...]
It is a consequence of the US naval blockade and could force the regime to suspend the production
Prevented from exporting its oil by the US blockade, Tehran is stepping up initiatives to try to avoid a brutal cut-off of production, which would damage its oil facilities on a long-term basis.
Iran Nears Oil Storage Capacity as U.S. Naval Blockade Continues
Iran is rapidly running out of onshore storage capacity for crude oil as the U.S. naval blockade in the Strait of Hormuz continues, according to analysts and satellite imagery. U.S. President Donald Trump warned on Monday, April 27, that the Islamic Republic has until Wednesday, April 29, before reaching maximum storage capacity, putting billions of […]
Iran runs out of oil storage as US blockade of Strait of Hormuz holds
Iran is running out of crude storage as the US blockade of the Strait of Hormuz continues to prevent tanker exits, with at least 38 vessels held since the start of the blockade, Kpler and Tanker Trackers data show. Output may fall to 1.2-1.3mn b/d.
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