Iran has weeks of oil storage, experts say, countering Trump explosion claim
Updated
Updated · CNBC · Apr 30
Iran has weeks of oil storage, experts say, countering Trump explosion claim
2 articles · Updated · CNBC · Apr 30
Analysts estimate Iran has at least 26 days of storage, potentially 76 days with tankers, while exports have fallen from 2.1 million to 567,000 barrels a day.
They said Tehran can cut production in an orderly way, avoiding permanent oilfield damage, even as the US blockade and Iran's closure of the Strait of Hormuz deepen the global supply shock.
Kpler said no Iranian tanker has confirmed passage through the blockade zone; one analyst estimated Iran still has 120 million barrels east of it, but revenues could near zero within two months.
With oil infrastructure facing irreversible damage, what does the future of global energy security look like?
In this high-stakes test of endurance, who will blink first: Iran's regime or the global economy?
Beyond soaring oil prices, which critical global supply chains are quietly on the verge of collapse?