WSJ: Der Iran wird mit so viel unverkauftem Öl überschwemmt, dass er es in verlassenen Tanks versteckt: Teheran versucht, Zeit zu gewinnen, während der Krieg zu einem Wettlauf wird, ob seine Ölfelder oder die globalen Verbraucher mehr Schmerzen ertragen können
https://www.wsj.com/world/middle-east/iran-is-flooded-with-so-much-unsold-oil-that-its-stashing-it-in-derelict-tanks-ed8e62b1?st=2Wub8S&reflink=desktopwebshare_permalink
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Iran is scrambling to find new ways to store its oil, hoping to avoid a crippling production shutdown as a U.S. naval blockade bottles up its exports and negotiations to end the war remain deadlocked.
With oil backing up at home, Iran is reviving derelict sites known as “junk storage,” using improvised containers and trying to ship crude by rail to China. The unusual steps are aimed at delaying an infrastructure crisis and blunting Washington’s leverage in the standoff over the Strait of Hormuz.
This is interesting reporting on efforts by Iran to do something about the oil coming out of its wells to avoid the prospect of shutting them and possibly damaging them
The oil trains to China / teapot refiners are a fascinating detail
Iran doesnt has to win for America to lose, the American public can not stand a war of attrition, and the more economic pain they feel at the pump or through inflation at the store , the more the pressure will be to end this adventure, also the allies feeling economic pain (even worse than the American people) will tell Trump it time to cut a deal or they may have to look at other options, even if that means giving the middle finger to trump blockcade and the Petrodollar.
They are just going to start dumping it into the strait. Have an ecological disaster in war zone if you will.
This can’t be right. I’ve been told on reddit that the blockade is doing nothing and 50 ships passed through yesterday!
Iran should have kept an oil buying sly context nearby happy, that way it could have let selling all those excess oil even if blockaded.
Don’t bribe what wsj says, every country is facing challenges due tot his unwanted war, doesn’t mean it’s ready to fold over and surrender.
Everyone focuses on the storage of unsold oil in Iran, but there is no mention of how smaller countries such as Kuwait and Bahrain handle this problem. These countries also have problems exporting their oil.
Just a view but Iran is also under enormous pressure.
Obviously, the control of the Strait appears to be the perfect leverage, but leverage does not last indefinitely because the world is fast moving to cope. The Iranians know this. For example, the Gulf states will build new oil infrastructure less exposed to Iran. This is very costly for the Gulf states but their existence depends on it.
With a game theory hat on, we know structural changes takes a long-time, but my point is Iran is also looking to the long-game for regime survival. The ideal outcome for them is to use the leverage at the immediate negotiation table and then act as a more reliable neighbour when oil flows start again. This way they can retain ’some‘ geopolitical clout in case the US starts bombing them again. They can also try to receive reparations in the form of released sanctioned assets, or at the very least, sell their oil and start to rebuild. Maximum utilisation of the Strait only reinforces the global motivation to diversify away until eventually the Strait has little to no impact anymore.
Furthermore, domestic protests in Iran have picked up again due to very high inflation and the lack of essential living supplies. The Rial is extremely weak which is the key to this acute issue.