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Iran's Offshore Oil Stocks Deplete Amid U.S. Blockade

Iran's Offshore Oil Stocks Deplete Amid U.S. Blockade

First seen 7 Oct 2026, 10:57 UTC • •
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ThreatCluster AI
ThreatCluster •October 8, 2026 at 10:39 UTC
  • •Iran's offshore oil stockpile is nearly depleted due to a U.S. blockade.
  • •Exports have plummeted from over 966,000 barrels per day to about 50,000.
  • •The Iranian economy, heavily reliant on oil, faces severe repercussions.

Iran's offshore crude stockpile is nearing exhaustion due to a U.S. maritime blockade that has been effective for 10 weeks. United Against Nuclear Iran (UANI) reports that only about 10 million barrels of Iranian crude remain in floating storage, down from 15 million barrels earlier. The blockade has halted new exports since July 14, leading to a significant drop in Iranian oil exports from 966,133 barrels per day in July to just 50,789 barrels per day in September. The remaining oil is primarily destined for Chinese independent refiners. The depletion of these stocks is expected to severely impact Iran's economy, which relies on oil revenues for 40% of government finance. Ordinary Iranians are likely to face increased shortages and economic hardship as the situation worsens.

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Timeline

2026-07-14
U.S. blockade prevents new Iranian crude exports
No new Iranian crude has crossed the U.S. blockade line since this date, severely limiting exports.
Gcaptain
2026-09-30
Iran's offshore oil stockpile estimated at 10 million barrels
UANI reports that Iranian crude in floating storage has dropped significantly due to the blockade.
Gcaptain
2026-10-06
Iran's floating oil stocks reported to run dry
Kpler estimates that Iran's floating oil stocks will be exhausted by mid-October, impacting government revenues.
Maritime-Executive

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Common questions

What is the current status of Iranian oil exports?
Iranian oil exports have drastically reduced to about 50,789 barrels per day due to the U.S. blockade.
How long until Iran's floating oil stocks run out?
Estimates suggest that Iran's floating oil stocks will be depleted by mid-October.
What are the implications for the Iranian economy?
The depletion of oil stocks could lead to severe economic hardship, impacting government revenues and causing shortages for ordinary Iranians.