Monitoring firm says Iran can sustain production despite blockade

AI Summary

Monitoring firm TankerTrackers.com claims that Iran can maintain its oil production levels despite the ongoing U.S. blockade. The firm refutes fears that Iran's oil storage will fill up, suggesting instead that Iran can refine oil for domestic use.

Monitoring firm says Iran can sustain production despite blockade TankerTrackers.com said the belief that the United States blockade of Iranian ports will soon force Iran to halt oil production is incorrect. In a post on X, the firm said: “The ongoing narrative that Iran’s oil storage will fill up ASAP and cause production to shutter is wrong.” “Fact is that they can refine that entire amount of oil just for domestic consumption,” it said, noting that Iran had previously reduced output to just under 2 million barrels per day and could process that volume internally.