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?