Iran Faces Imminent Oil Shut-Ins as Storage Nears Capacity

Date:

A satellite image shows an oil terminal at Kharg Island, Iran, on Feb. 25, 2026. 2026 Planet Labs PBC/Handout via ReutersIran is nearing forced oil production stoppages as storage tanks fill rapidly, with capacity set to be exhausted within 20 to 24 days, according to an April 22 update from Kpler, a commodities data firm that tracks global oil, gas, and shipping flows.The firm said that Iran’s output has already fallen by around 750,000 barrels per day from pre-war levels, primarily due to lower domestic demand during the Iran war.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Trump Wants to End Conflict Between Russia, Ukraine, According to Kremlin Adviser

(Left) Ukrainian President Volodymyr Zelensky in Rome, Italy, on...

Swiss Voters Reject Proposal to Cap Population at 10 Million

A Swiss national flag is foating next to the...

US, Iran Reach Peace Deal, Trump Authorizes Opening of Strait of Hormuz

Vessels are anchored in the Strait of Hormuz, as...

Carney Says No Single Country or Institution Will Define New World Order

Prime Minister Mark Carney takes part in a press...