Iran Juggles Oil Cuts and Storage Strain to Resist US Blockade
Source: RSSMay 2, 202612:33 PM · Anthony Di Paola, Ben Bartenstein, Patrick Sykes, Weilun Soon, Charles GorrivanRead original
As the US naval blockade in the Strait of Hormuz tightens around Iran’s oil trade, exports have plunged in recent weeks and storage is rapidly filling. Already, the country has begun curbing production, according to a senior Iranian official.
Source: https://www.bloomberg.com/news/articles/2026-05-02/iran-juggles-oil-cuts-and-storage-strain-to-resist-us-blockade