@USTreasury<\/a> will continue to apply maximum pressure through Economic Fury to systematically degrade Tehran\u2019s ability to generate, move, and repatriate funds,\u201d he added, warning that those who assist Iran are vulnerable to sanctions.\n <\/p>\n\n Key context: The bulk of Iran\u2019s energy production takes place on Kharg Island. Throughout the war, Iran has been able to produce and sell a significant amount of oil \u2013 slightly more than it did in the months before the war.\n <\/p>\n
\n If the blockade is effective and Iran is running out of storage, it could have to curtail or shut off crude production, which accounts for 80% of the country\u2019s export revenue, according to JPMorgan.\n <\/p>\n
\n But the US Navy would need to hold the blockade for quite some time to inflict significant economic pain on Iran. It still has 176 million barrels of crude on the water, 142 million of which are in transit to their destinations or otherwise outside the Persian Gulf, according to Kpler. So it has plenty of oil left to sell \u2013 potentially billions of dollars worth.\n <\/p>\n
\n \u201cThe blockade may add leverage in negotiations, but only if it is strictly enforced and sustained over a longer horizon, likely on the order of multiple months,\u201d said Natasha Kaneva, head of global commodities research at JPMorgan.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Treasury Secretary Scott Bessent said oil storage in Kharg Island will be full in days, emphasizing the continued…\n","protected":false},"author":2,"featured_media":404553,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,7788,21627,43,40,38,41,39],"class_list":["post-404552","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-hnk","tag-intl","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/404552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=404552"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/404552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/404553"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=404552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=404552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=404552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}