Is Iran’s oil storage nearly full – and will it have to cut production?
Key takeaways
- Experts predict Iran could gradually scale back oil production if the US naval blockade of Hormuz persists.
- Bloomberg reported analysis on Tuesday from the data and analytics company Kpler suggesting Iran could run out of crude storage in 12 to 22 days if the blockade persists.
- Last week, United States Treasury Secretary Scott Bessent claimed that storage capacity at Kharg Island, where most of Iran’s oil is exported, would be full “in a matter of days”.
Why this matters: an international story with cross-border implications worth tracking.
Experts predict Iran could gradually scale back oil production if the US naval blockade of Hormuz persists.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo. A man walks the shoreline as boats navigate the sea on April 28, 2026, on Qeshm Island, Iran, in the Strait of Hormuz [Asghar Besharati/Getty Images]By Sarah Shamim Published On 29 Apr 202629 Apr 2026The US naval blockade of Iranian ports and the Strait of Hormuz, in place since April 13, has raised concerns that Iran could run out of crude oil storage capacity and be forced to curb production.
Bloomberg reported analysis on Tuesday from the data and analytics company Kpler suggesting Iran could run out of crude storage in 12 to 22 days if the blockade persists.