The “storage clock” is ticking as tankers that exported 3.2 million barrels per day (bpd) of crude oil remain bottled up in Iranian ports by the U.S. Navy.
The blockade in the Gulf of Oman is a pressure-point tactic, part of a global strategy to deny Tehran $13 billion in monthly revenues and paralyze Iran’s petroleum industry by forcing it to shut down when it runs out of space to store what it can’t ship.
