Kish Island oil terminal nearing capacity
Iran is facing an escalating economic crisis in oil exports, with storage facilities on Kharg Island exceeding 80% of capacity, risking production if Iran cannot find a way to offload the accumulated crude. This crisis coincides with Tehran's attempt to impose fees on ships passing through the Strait of Hormuz, which is internationally rejected as a violation of freedom of navigation. Meanwhile, Iran continues to bolster its influence in the strait through measures such as establishing a new authority and proposing plans for insurance fees paid via digital currencies.
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