Is Iran’s oil storage nearly full – and will it have to cut production? Experts predict Iran could gradually scale back oil production if the US naval blockade of Hormuz persists.Share this: US Energy Secretary Chris Wright touts oil production on Venezuela visitDateFebruary 11, 2026In relation toAl-JazeeraOPEC+ countries say they will expand monthly oil productionDateJuly 5, 2026In relation toAl-JazeeraUS seizes a seventh Venezuela-linked oil tankerDateJanuary 20, 2026In relation toAl-Jazeera