Blockade Risks Crippling Global Oil System, Not Just Iran

The blockade is meant to break Iran—but it may break the system first, writes @TheMichaelEvery & @BenPicton1 Iran's storage fills quickly—leading to well shut-ins & potential permanent capacity loss Removing ~2 mb/d hits an already stressed system and adds to what is already the largest disruption in modern oil markets This is a dangerous bet.

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