Iran has commenced a reduction in its oil production in response to heightened economic and logistical pressures stemming from the US naval blockade, as reported by Bloomberg on Saturday.
The restrictions on oil production, which mark the first such measures since the onset of the conflict, have become essential due to the blockage of the country’s export routes and the nearing limit of its storage capacity, according to the report.
“As the US naval blockade in the Strait of Hormuz constricts Iran’s oil trade, exports have significantly decreased in recent weeks, and storage facilities are quickly reaching capacity,” the report states.
Iran’s onshore storage, estimated to hold between 50 and 55 million barrels, is approaching full capacity. Analysts from Kpler and other maritime intelligence agencies indicate that by late April or early May 2026, Iran could have as little as 12 to 22 days of available storage capacity left, according to the report.
