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Iran Activates Old Retired Tanker As Kharg Storage Nears Limit Amid US Naval Blockade In Hormuz
Posted
April 24, 2026
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405
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April 24, 2026
405
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3:45Now PlayingUS blockade pressure is straining Iran’s oil sector, forcing Tehran to reactivate the VLCC Nasha for floating storage as onshore capacity at Kharg Island nears limits. With exports halted, Iran may cut production within weeks if storage fills. Analysts estimate around 86 million barrels of capacity, offering a limited buffer. Disruptions could tighten global supply, as Iran contributes roughly 2% of world oil. The standoff in the Strait of Hormuz risks pushing crude prices higher amid ongoing tensions.
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