Iran’s oil industry is facing mounting pressure as storage capacity tightens amid ongoing disruptions in the Strait of Hormuz, raising concerns about long-term damage to the country’s most important economic sector.
Large supertankers have been observed clustered near Kharg Island, a key export hub responsible for roughly 90% of Iran’s crude oil shipments, according to satellite imagery reported by Bloomberg.
Read Full Article: https://ijr.com/irans-oil-system-under-strain-as-storage-space-nears-breaking-point/
