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Iran Already Scrambling For Oil Storage After Two Weeks Of US Blockade

Iran Already Scrambling For Oil Storage After Two Weeks Of US Blockade Trump's blockade is having a predictable effect on Iran's economy and oil industry, with reports that the regime is scrambling to repurpose old and rusty tankers as floating storage.  Kharg Island is hitting capacity and the results could lead to disaster for Iran's oil wells.  The regime is reportedly moving to expand crude storage at the island, where around 90% of their energy exports are processed, by reactivating a 30-year-old crude carrier called M/T Nasha.  It's a bad sign...
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May 8, 2026 / Tyler Durden
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Jun 23, 2026 / Tyler Durden
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