""We have enough expertise and experience," said Hamid Hosseini, a spokesman for the Iranian Oil, Gas and Petrochemical Products Exporters' Association. "We're not worried.""
"Tehran is proactively reducing crude output in a move to stay ahead of capacity limits rather than waiting for tanks to fill completely, according to the senior official."
"Those techniques, learned over multiple wars and sanctions regimes, were honed during the first Trump administration, when the US withdrew from the Iran nuclear deal in 2018 and imposed sanctions that forced Tehran to slash production."
"Over the longer term, the curbs proved far from a death knell, with the country's production rising in subsequent years."
Iran's oil exports have significantly decreased due to the US naval blockade in the Strait of Hormuz, leading to increased storage levels. In response, Iran is proactively curbing production to avoid reaching capacity limits. The country has a long history of managing oil production during sanctions, allowing it to weather the current blockade. Techniques developed during previous sanctions have enabled Iran to idle and restart wells effectively. Despite challenges, Iran's oil production has previously rebounded after sanctions were imposed.
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