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.

Even as Iran maintains its chokehold on the Strait of Hormuz, the Islamic Republic increasingly finds itself squeezed by an American blockade threatening its oil industry.

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 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,

Follow real-time developments as the US-Israel conflict with Iran unfolds amid escalating political rhetoric, stalled diplomacy and continued military exchanges across the Middle East. Track the latest strategic decisions,

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