Updated
Updated · The Washington Post · Apr 30
Trump's Iran pipeline explosion claims are disputed
Updated
Updated · The Washington Post · Apr 30

Trump's Iran pipeline explosion claims are disputed

7 articles · Updated · The Washington Post · Apr 30
  • Analysts said Iran has weeks or months of storage left, citing 45 million barrels of tanker capacity and inland reserves despite the Strait of Hormuz blockade.
  • Columbia researchers said any shut-ins would not cause catastrophic damage, though Treasury said Kharg Island was nearing capacity and Iran could lose about $170m a day.
  • The standoff has pushed US petrol to $4.30 a gallon and oil briefly to $126 a barrel, while fuel shortages in Asia and rising fertiliser costs threaten wider economic pain.
Is Iran’s oil industry truly collapsing, or is this a bluff in a high-stakes energy war?
With the global economy reeling, what military action could be next to reopen the Strait of Hormuz?