The “Storage Clock” is ticking as tankers that exported 3.2 million barrels per day (bpd) of Iranian crude oil remain bottled inside the Persian Gulf by the United States Navy.
The Gulf of Oman blockade is part of a global vise on Iranian shipping, denying Tehran $13 billion in monthly revenues and strangling Iran’s petroleum industry so it must shut down when it runs out of space to store what it can’t ship.
