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Iran Is Flooded with Unsold Oil
(Wall Street Journal) Benoit Faucon - As a U.S. naval blockade bottles up Iran's oil exports and with oil backing up at home, Iran is reviving derelict storage sites. Every barrel that can't leave the country must go somewhere: into a tank, onto a ship, into an improvised storage site - or remain underground. Many analysts think Iran will run out of room to store the crude it pumps in less than two weeks. President Trump said Sunday that it would be about three days before Iran's oil infrastructure backs up.