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Monday, 22 June 2026dailybeirut.com
World
Iran has dramatically reduced its oil production to 1.2 million barrels per day, with average loading plummeting from 2 million to 560,000 barrels daily amid tightened blockades, according to Kpler data. To circumvent restrictions, Tehran is stockpiling crude in abandoned containers and tanks at southern hubs, swelling reserves to 49 million barrels. The Wall Street Journal reports Iran is now exploring overland oil shipments by train to China, seeking alternative routes to bypass maritime sanctions. This strategic pivot highlights Tehran's growing desperation to maintain revenue streams as international pressure mounts.
Kpler data revealed that Iran has cut oil production by more than half to 1.2 million barrels per day and that the average loading of Iranian oil has dropped from 2 million barrels per day to 560,000.
The data noted that Iran has resorted to using abandoned containers and tanks at southern oil hubs for storage, indicating that its oil stockpiles have swelled to 49 million barrels due to the blockade.
The Wall Street Journal also reported that Iran is trying to transport oil overland by train to China.
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