Iran is scrambling to find new ways to store its oil, hoping to avoid a crippling production shutdown as a U.S. naval blockade bottles up its exports and negotiations to end the war remain deadlocked.
With oil backing up at home, Iran is reviving derelict sites known as “junk storage,” using improvised containers and trying to ship crude by rail to China. The unusual steps are aimed at delaying an infrastructure crisis and blunting Washington’s leverage in the standoff over the Strait of Hormuz.
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