Energy Daily

Iran Faces Economic Reckoning as Oil Storage Tanks Fill Up

Sooner or later, the US blockade may force Iran to cut oil production.
Cargo ships, oil tankers and other vessels at anchor off Singapore.Photographer: Ore Huiying/Bloomberg
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Welcome to our guide to the commodities driving the global economy. Today, Europe Oil Team Leader Alaric Nightingale looks at how long Iran can keep pumping crude amid the US blockade.

Iran’s ability to keep pumping oil is being quickly eroded as the US blockade tests the country’s economic resilience.