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US blockade against Iran may last months as Tehran has oil storage to withstand pressure

Market News
30 Apr 2026
CNBC
View Source
Bearish
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President Trump vows to maintain the US naval blockade on Iran until it agrees to a nuclear deal, but analysts say Iran can endure the pressure for weeks or months. Iran has enough oil storage capacity—both onshore and in tankers—to hold at least a month's worth of crude, allowing it to reduce production gradually without damaging its oil fields. The blockade has sharply cut Iran's oil exports, but Tehran's ability to store oil and ramp down production means the economic pressure may take time to force a negotiation. The standoff risks escalating global economic impacts as the Strait of Hormuz remains closed and oil supply tightens.

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