[US-Israel, Iran War Day #205] Trump Returns Early to White House as Iran Tensions Mount

Will shutdowns forced by US blockade damage Iran’s oil wells? The sharp fall in Iran’s oil loadings is forcing it to curb production, raising costs beyond lost sales, from restarting aging wells to maintaining reservoir pressure and protecting shared fields. But could the shutdowns cause lasting damage? Iranian officials often speak about oil as if the only question were whether crude can be sold today or tomorrow. In that telling, if exports stop, the oil simply stays underground until sanctions or a blockade ease, after which production can resume from where it left off. Oil Minister Mohsen Paknejad said earlier…