Tipsheet

Trump Says Iran's Oil Wells Are Running Out of Time

President Trump said Sunday that Iran is just three days away from reaching its oil storage capacity, as the U.S. blockade has prevented the regime from exporting crude. This is costing the regime more than $400 million per day, and once storage is full, it may be forced to shut in oil wells, potentially harming long-term production even after the United States has left. 

"What you're referring to is that when you have, you know, lines of vast amounts of oil pouring through your system, if for any reason that line is closed because you can't continue to put it into containers or ships, which has happened to them, they have no ships because of the blockade, what happens is that line explodes from within, both mechanically and in the earth, something happens where it just explodes," President Trump said in an interview with Fox News. "And they say they only have about three days left before that happens. And when it explodes, you can never, regardless, you can never rebuild it the way it was."

"In other words, if you rebuild it, it's hard to rebuild it all, but it would only be about 50 percent of what it is right now," he continued. "So it's a very powerful thing that takes place, sort of having to do with nature. But when that gets clogged at the end, in other words, when you have to turn it off because you have no place to store this oil, either put it on ships or storage tanks, which they are just about finished with, a very bad thing is going to happen."

"So I think they're under pressure," he added.

Iranian energy officials have warned that if their oil infrastructure is damaged, they would retaliate by inflicting far greater damage on the oil infrastructure of U.S. allies in the region.

This comes after Iran activated a 30-year-old retired supertanker last week, capable of holding two million barrels of oil, in an effort to buy time. The vessel was expected to give the regime roughly 48 hours.