"Bloomberg reported analysis from Kpler suggesting Iran could run out of crude storage in 12 to 22 days if the blockade persists. Storage capacity at Kharg Island would be full in a matter of days."
"The Strait of Hormuz is a narrow channel that connects the Gulf to the open ocean, with 20 percent of the world's oil and LNG supplies shipped through it during peacetime."
"Ebrahim Jabari announced that the strait was closed, stating that the IRGC and the navy would set ablaze any vessels attempting to pass through."
"Iranian First Vice President Mohammad Reza Aref emphasized that one cannot restrict Iran's oil exports while expecting free security for others in the Strait of Hormuz."
The US naval blockade of Iranian ports and the Strait of Hormuz has raised concerns about Iran's oil storage capacity. Experts predict that Iran could run out of crude oil storage in 12 to 22 days if the blockade continues. The blockade has significant implications, as the Strait of Hormuz is crucial for global oil and LNG supplies. Iran has closed the strait to foreign-flagged ships and demands the lifting of the blockade to ensure its oil exports.
Read at www.aljazeera.com
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