Iran’s Oil Industry Under Pressure as U.S. Naval Blockade Begins to Bite
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An Iranian energy official just conceded something in a surprise admission that the US naval blockade hasbegun to bite the Islamic Republic's oil industry.
According to new reporting in theNY Times: The blockade has halted Iran’s oil exports, choking off crucial revenues, and the country risks running out of places to store its oil.
It is also affecting the import of other goods, forcing Iran to seek alternative routes through neighboring countries and its smaller ports on the Caspian Sea.
And the economic pain inside Iran, already dire before the war, is becoming much worse.
“The sea blockade is a much more serious threat than even war, and the current stalemate must be broken because the export of our oil and energy and the fate of our refineries is now at risk,”said Hamid Hosseini, an expert on Iran’s oil sector who serves on theenergy committee of Iran's Chamber of Commerce, in an interview from Tehran.
This as Kpler has stated based on its data that since the US blockade took effect on April 13, no Iranian oil-laden tankers have been able to exit the strait.
"The bottom line is that Iran could run out of storage space in about 25 to 30 days if the blockade is not lifted, according to Homayoun Falakshahi, Kpler’s head of oil analysis," continues the Wednesday report.
"Other experts have given different estimates ranging from a few weeks to a month or more."Last month we offered the following, saying a likely 15 days - probably followed with a few weeks left on the clock before the Iranians run out of storage space...
Tehran Timeline: Iran Has 15 Days Until Its Oil Industry Begins Full Shut-Inshttps://t.co/21WPtRfINW As for the current Trump blockade strategy, another analyst told theTimes,"The blockade really is about putting a financial deadline on the Islamic Republic’s head." So much for that ceasefire and alleged 'pause' in US naval blockade actions, as things just took another escalatory turn.
In this case, a rare live fire incident unfolded Wednesday in Gulf waters as a US jetlaunched from the Lincoln carrier fired onand possibly disabled an Iranian-flagged tanker, per the officials US Central Commandstatement: U.S.
forces operating in the Gulf of Oman enforced blockade measures by disabling an Iranian-flagged unladen oil tanker attempting to sail toward an Iranian port at 9 a.m.
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