Finance
Global oil prices top $102 a barrel on concerns Iran may have to cut output due to storage issues
Oil futures were climbing Monday as the ongoing U.S.-Iran standoff and the blockade of the Strait of Hormuz fueled concerns that Iran’s crude storage is nearing capacity, potentially forcing output cuts from one of the world’s largest oil producers.
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MarketWatch
April 27, 2026·1 min read
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Oil futures were climbing Monday as the ongoing U.S.-Iran standoff and the blockade of the Strait of Hormuz fueled concerns that Iran’s crude storage is nearing capacity, potentially forcing output cuts from one of the world’s largest oil producers.
Original article
Global oil prices top $102 a barrel on concerns Iran may have to cut output due to storage issues
Published by MarketWatch