U.S. Energy Secretary Chris Wright said Iran’s oil production has likely fallen
by about 400,000 barrels per day, citing reduced exports and rising storage
constraints amid the U.S. blockade. Wright said Iran’s inability to sustain
exports could force shutdowns of mature oil reservoirs, risking “permanent
damage" to production capacity, which he said may pressure Tehran toward ending
the conflict. Data from Vortexa showed Iran exported 1.84 million barrels per
day in March before the blockade, down from 2.15 million barrels per day in
February.
