October 07, 2026 | Charlie Brown and Jemima Shelley
Introduction
The United States naval blockade continues to maintain a firm grip on Iran’s oil trade. During September 2026, the blockade successfully restricted illicit outflows, allowing only three small Handymax vessels—laden with Iranian liquefied petroleum gas (LPG) and methanol—to depart. This severe curtailment of crude exports raises pressing questions regarding how much longer the Iranian regime can economically survive under such stringent pressure. Simultaneously, floating storage reserves in the Malaysian Eastern Outside Port Limits (EOPL) anchorage have experienced a drastic reduction. The continued enforcement of the blockade compounds economic strain on Tehran, systematically exhausting its secondary reserves in the Malaysian EOPL.
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