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Iran juggles oil cuts and storage strain to resist US blockade
The Times of India
1 day ago
Bearish
Tightened US naval restrictions in the Strait of Hormuz have sharply reduced Iran’s oil exports, forcing the country to cut production as storage fills up. Despite the pressure, Iran is drawing on past experience with sanctions to manage the crisis, including…
As the US naval blockade in the Strait of Hormuz tightens around Irans oil trade, exports have plunged in recent weeks and storage is rapidly filling. Already, the country has begun curbing productio… [+9347 chars]
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