Irans Oil Storage Clock Is About to Run Out

Date:

The storage clock is ticking as tankers that exported 3.2 million barrels of crude oil per day remain bottled up in Iranian ports due to the blockade by the U.S. Navy.The blockade is part of a global vise denying Tehran $13 billion in monthly revenues and seeking to paralyze Iran’s petroleum industry by forcing it to shut down when it runs out of space to store what it can’t ship.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Vance and Iranian Negotiators in Switzerland for Peace Talks

U.S. Vice President JD Vance, U.S. President Donald Trump's...

Canada Imposes 10 Percent Tariff on Imported Canned Vegetables to Support Domestic Producers

A customer shops at a grocery store in Toronto...

Thousands of Canadians Logged 100-Plus Doctor Visits Annually: Report

Medical devices are seen in an examination room at...

US, Uzbekistan Launch Joint Investment Platform With an Eye on China

(L–R) U.S. International Development Finance Corporation CEO Ben Black,...