Iran cuts oil output as Strait of Hormuz restrictions choke exports and storage fills

Floating storage becomes the pressure valve for exports

Tightened US naval curbs in the Strait of Hormuz have sharply reduced Iran’s oil exports, leaving the country with shrinking routes and surging inventories. Iran is responding by cutting production in a controlled manner and leaning on floating storage to keep barrels moving, drawing on years of experience managing sanctions and supply disruptions.