Yeah, this. This gets dramatically worse under a blockade. Blockade will hopefully allow offloading of the humanitarian cargoes. Final couple of points. Extremely important topic is the storage clock. Iran has 50 to 55 million barrels of total onshore oil storage, roughly 60% full spare capacity, about 20 million barrels. With 1.5 million barrels a day of surplus production that normally exports. Storage fills in 13 days. And that was from the start of the blockade. After that, Iran must shut in wells. (14:18–14:24)
CLAIM
Asserts Iran's oil storage capacity and current usage.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
