World · 28 April 2026
Iran running out of oil storage in two weeks
Unsplash / sina drakhshani
Tehran's economic crisis is about to deepen as the country runs out of places to store unsold crude. Research firm Kpler said in a Monday report that Iran has only 12 to 22 days of unused storage capacity left, raising the prospect that production must be cut by another 1.5 million barrels a day by mid-May. Iran has already curtailed up to 2.5 million barrels of daily output since the war began on 28 February.
Reported by NCRI · How we write briefs