Industry institutions and market participants are divided over views on Iran's crude oil supply

(1) Oil tanker tracking agency TankerTrackers stated that Iran has reduced crude oil production this summer, with output matching domestic refinery processing and consumption needs. As a result, local oil tanker loading activities have significantly decreased, and there is no surplus crude oil available for export. (2) Market insider Mike Johnson offered a different perspective, believing that Iran is unlikely to directly shut down crude oil production. If output cannot be exported, the crude oil can only be stored on tankers; otherwise, the Kharg Island storage and transportation facilities will face significant risks of explosion or crude oil leakage into the Gulf. (3) These two viewpoints revolve around Iran's actual crude oil output and storage pressure, and will influence the market's judgment on Iran's potential crude oil export supply. (4) If storage pressure continues to surge, Iran may be forced to increase crude oil exports, thus altering the global crude oil supply landscape.