Iran’s Oil Storage Clock Is About to Run Out The U.S. Navy has imposed a blockade in the Gulf of Oman, halting the export of 3.2 million barrels of crude oil per day from Iranian ports. This tactic aims to deny Iran substantial monthly revenues and cripple its petroleum industry by forcing a shutdown due to lack of storage space. Since April 13, at least 1.5 million barrels of Iranian oil have been stored daily, with no immediate outlet.

• A U.S. Navy blockade in the Gulf of Oman has stopped the export of 3.2 million barrels of crude oil daily from Iran.
• The blockade is a strategy to deprive Iran of $13 billion in monthly revenues and paralyze its petroleum industry.
• Iran is running out of storage space, with at least 1.5 million barrels of oil being stored daily since April 13.