Thursday, May 7, 2026

May 2026: TRUMP PRESIDENCY Iran Oil Official In Surprise Admission: 'Fate Of Our Refineries Now At Risk' As US Blockade Begins To Bite

Iran Oil Official In Surprise Admission: 'Fate Of Our Refineries Now At Risk' As US Blockade Begins To Bite
"An Iranian energy official just conceded something in a surprise admission that the US naval blockade has begun to bite the Islamic Republic's oil industry. According to new reporting in the NY Times:
"The blockade has halted Iran’s oil exports, choking off crucial
revenues, and the country risks running out of places to store its oil. It is also affecting the import of other goods, forcing Iran to seek alternative routes through neighboring countries and its smaller ports on the Caspian Sea. And the economic pain inside Iran, already dire before the war, is becoming much worse.

The sea blockade is a much more serious threat than even war, and the current stalemate must be broken because the export of our oil and energy and the fate of our refineries is now at risk,” said Hamid Hosseini, an expert on Iran’s oil sector who serves on the energy committee of Iran's Chamber of Commerce, in an interview from Tehran."
This as Kpler has stated based on its data that since the US blockade took effect on April 13, no Iranian oil-laden tankers have been able to exit the strait." 
ZeroHedge

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