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Besent: Iran's oil storage is full or needs to be shut down

AiCoin
AiCoin|May 14, 2026 14:53
US Treasury Secretary Bessent stated in an interview with CNBC that Iran's oil storage space has been depleted and may be forced to halt production. Due to the US blockade, tanker loading activities at Iran's main export terminal, Hark Island, have been suspended for three days. The US military forced 70 ships to change their routes within the first month of the blockade. Some analysts say that Iran still has a few weeks of storage capacity, and Tehran has begun to reduce production in response.
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