Iran is rapidly running out of space to store its oil as President Trump continues his naval blockade in the Strait of Hormuz — which could lead to “irreversible” damage to the regime’s biggest industry and lifeblood of its economy.

While the blockade of the Strait of Hormuz continues to drag on alongside the Iran war, energy analysts warn of another shockwave that could end up hitting global markets. The blockade of the Strait of Hormuz is forcing oil producers on both sides of the Persian Gulf into a storage crunch,

Tehran is trying to buy time as the war turns into a race to see whether its oil fields or global consumers can take more pain.

DUBAI, United Arab Emirates (AP) — Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade.

Iran will likely incur extra costs due to the disruption to output & the oil it can eventually recover from its reservoirs may be lower than otherwise— but that’s a problem for later.

A U.S. naval blockade of Iranian ports has shrunk Tehran's oil exports, stranding ​a growing stockpile of crude on tankers as Iranian storage sites run out of space, shipping data showed ‌and analysts said.

Iran is rapidly running out of oil storage as exports plunge under a US naval blockade, raising the risk of sharp production cuts and deeper financial strain.

A United States naval blockade on Iran is strangling the Islamic Republic’s main economic corridors – leaving Tehran facing a looming oil storage crisis and its citizens grappling with rising food prices and surging unemployment.

Iran's vice president has issued a chilling warning that the country will retaliate if its oil facilities are targeted.

Iran is rapidly running out of oil storage after a US naval blockade sharply cut its crude exports via Hormuz. Experts say Iran may have only 12-22 days of spare capacity left. If storage fills up, Tehran could be forced to cut production even further,

Iran is scrambling to get a massive crude carrier to Kharg Island, in a sign that President Trump’s blockade is bringing the regime’s oil-critical hub — which controls roughly 90% of Iranian crude oil exports — to the brink, according to a report.