Iran’s oil sector is facing increasing pressure under the US blockade of the Strait of Hormuz

Close the Strait of Hormuz, where many countries face supply shortages. The Goldman Sachs Group said that losses in the production of the Persian Gulf amounted to 14.5 million barrels, leading to the depletion of global oil reserves at a record rate of 11 mils of oil per day until the end of April.

At a time when the world is worried about running out of oil, Iran finds itself faced with the problem of storing the oil it is no longer able to export.

How did the American embargo affect Iranian oil flows?

implementation for the presidential announcementThe American Central Intelligence Agency (CENTCOM) announced that it would be responsible for all the movements of the Iranian port of Oman at 10 a.m. in the Sharq Arabic time.

According to a report by Bloomberg, citing the Kepler shipping intelligence company, Iran’s crude oil exports fell from 1.85 million barrels per day in March to around 1.85 million barrels per day.

this represents a decrease of approximately 70%. Locals reported that no tanker was able to cross the barrier near the Strait of Hormuz.

With the suspension of exports, you face Iran clear the options to store crude oil. Kebler wrote that the country only has 12 to 22 days of storage capacity remaining.

The Goldman Sachs Group reported that Iran had already cut crude oil production by a daily rate last week. And the storage problem raises the possibility that Tehran will be forced to reduce daily production by the end of additional production by mid-May.

It exceeds the repercussions of the rest of the region, where the neighboring countries were forced to such as the Kingdom of Saudi ArabiaIraq, Kuwait, and the United Arab Emirates to reduce production as well since February 28.

Follow us on X To get the latest news as it happens

While the surviving IRGC leaders are trapped like rats drowning in a sewer pipe, Iran’s oil industry begins to shut down in production thanks to the US BLOCKADE.

The pumping will collapse soon.

THE GASOLINE SHORTAGE IN IRAN NEXT! https://t.co/Czgy9VsHBO

— Treasury Secretary Scott Bessent (@SecScottBessent) April 27, 2026

However, Tehran will not feel the financial blow immediately. As crude oil shipments to China usually take about two months to arrive, then it takes, then it takes another two months to settle the bills. This delay leads to the postponement of the financial pain for three to four months, even with near exhaustion of material storage capacity.

Subscribe to our YouTube channel To follow the leaders and journalists and they provide expert views

Source link