Iran Has 22 Days of Oil Storage Left

Iran has 22 days of oil storage left. When it runs out, the damage could be permanent. Kharg Island handles 90% of Iran's crude exports. Over a million barrels a day flowed through here — until the US Navy sealed the strait on April 13th. Exports collapsed from 2.1 million barrels a day to 567 thousand. The oil has nowhere to go. Storage is 74% full. Filling by a million barrels every day. Goldman Sachs says Iran has already cut 2.5 million barrels of daily output. The routes to China, India, Japan — all frozen. Kpler estimates 22 days of storage left. Maybe less. Iran's oil fields are old. Shut a well for more than a month and water floods the reservoir. Wax clogs the pipes. JPMorgan says Iran won't recover to pre-war output until 2028. The blockade hasn't just stopped Iran's oil. It may have killed it. Follow Money Maps for more.