US Treasury Secretary Bessent: Iran's oil storage space is depleted, forcing production to halt

Odaily news: US Treasury Secretary Bessent stated that Iran's oil storage is at full capacity, and Tehran will need to stop oil production. After the US imposed a blockade on Iranian oil exports, the core issue of this conflict is: how long can Iran store the oil it cannot export before running out of space? Some analysts believe that Iran still has several weeks of storage capacity, and Tehran has begun to slowly reduce production in response to this deadlock.

In an interview with CNBC's "Financial Forum" program, Bessent said that over the past three days, due to the US blockade preventing tankers from entering and leaving the Persian Gulf, Iran has been unable to load tankers at its main oil export terminal on Kharg Island. Within the first month of the US blockade, the US military has forced 70 ships allegedly heading to or departing from Iranian ports to change course. (Jinshi)