Donald Trump's 'wishful thinking' over his blockade of Iranian oil
The United States' blockade of Iranian oil exports has significantly disrupted shipments, forcing Iran to stockpile crude on ships and in storage tanks. Analysts suggest the standoff resembles a 'game of chicken,' with both sides believing they can outlast the other despite ongoing diplomatic stalemates. Iran is exploring overland routes to bypass the blockade while maintaining production to avoid damaging its oil infrastructure.
- ▪The US blockade of Iranian ports began on April 13, 2026, and has prevented any confirmed oil tankers from exiting the blockade zone.
- ▪Iran had been exporting about 1.85 million barrels per day before the blockade, but exports dropped sharply afterward.
- ▪Iran is storing oil on ships off its coast and in onshore tanks to avoid reducing production, which could risk its oil infrastructure.
- ▪Marine traffic in the Strait of Hormuz has been severely disrupted since the start of the conflict in February 2026.
- ▪Despite claims of a ceasefire, US forces have seized ships, Iran has fired upon vessels, and the Revolutionary Guards have conducted boardings.
Opening excerpt (first ~120 words) tap to expand
Iran and the US are in a 'game of chicken' as the regime's oil is stockpiled inside the blockadeBy Emily Clark and Tavleen SinghTopic:Oil and Gas11m ago11 minutes agoFri 1 May 2026 at 7:04pmMarine traffic in the Strait of Hormuz has been stranded since the US blockade began two weeks ago. (Reuters)abc.net.au/news/iran-oil-stored-in-ships-tanks-as-us-blockade-tightens-grip/106622058Link copiedShareShare articleAs the United States blockade of Iranian ports tightens its grip, the regime has been forced to stockpile oil that would have otherwise been exported.But while some commentators believe that Iran will run out of space to store it in less than a fortnight, regime watchers warn Tehran has been preparing for this moment.In ships off the coast and storage tanks, Iran's primary export…
Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).