World · 28 April 2026
Iran running out of oil storage in two weeks
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