Brief by Shorts91 Newsdesk / 10:36am on 27 Apr 2026,Monday International
Iran is struggling to store its crude as exports remain blocked at the Strait of Hormuz. Output from Kharg Island continues, but storage is almost full. Tehran has revived the ageing tanker Nasha to hold excess oil at sea. Analysts say only 13 million barrels of space remain, with inflows of about 1 million barrels a day. Storage could fill within two weeks. Officials warn shutting wells is risky and may cause lasting damage. The tanker move is a short-term fix as pressure grows on Iran’s oil system. (PC: India Today)
