Iran oil loadings halve under US blockade pressure

9 articles · Updated · CNBC · Apr 30

Kpler said loadings fell from 2.1 million to 567,000 barrels a day, while a White House official estimated Tehran is losing $500m daily.
Analysts said Iran has at least 26 days of storage, and possibly up to 76 days with extra tankers, giving it time to cut output orderly rather than suffer permanent field damage.
Trump says the blockade will stay until Iran accepts a nuclear deal, while Tehran keeps the Strait of Hormuz shut, deepening the oil supply shock and wider economic pressure.

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