Wednesday, August 19, 2026 | 10:06 AM

Financial Journal — Business, Markets & Economy News

ECONOMY

US Blockade Strangles Iran Oil Industry, Threatens Collapse

US Blockade Strangles Iran Oil Industry, Threatens Collapse

With the US naval blockade in effect since April 13, 2026, Iran could run out of oil storage capacity in two to three weeks, which would force well closures with potentially irreversible long-term damage.

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