May 6, 2026
Iran's Oil Storage Clock Is About to Run Out
As U.S. blockade holds, Iran’s inability to store tens of millions of barrels of oil could alter the course of the war, analysts say.
TL;DR
- A U.S. Navy blockade in the Gulf of Oman has stopped the export of 3.2 million barrels of crude oil daily from Iran.
- The blockade is a strategy to deprive Iran of $13 billion in monthly revenues and paralyze its petroleum industry.
- Iran is running out of storage space, with at least 1.5 million barrels of oil being stored daily since April 13.