THE WELLS SHUT IN: Bessent Reveals Iran’s Oil Storage Is Full Amid U.S. Squeeze

On May 15, 2026, Treasury Secretary Scott Bessent details the crippling impact of the U.S. naval blockade. We break down the Kharg Island storage crisis, the $170 million daily revenue collapse, and why industry experts say shutting down these wells could permanently damage Iran’s energy infrastructure.

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THE WELLS SHUT IN: Bessent Reveals Iran’s Oil Storage Is Full Amid U.S. Squeeze

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