RT Nick Szabo (@NickSzabo4)Only a trickle of oil and crucial oil-derived fertilizers and chemical feedstocks are getting out of the Persian Gulf. That little trickle is mostly Iran's oil.One result is that Gulf oil storage is rapidly filling up and Gulf states are starting to radically slow down oil production."The United Arab Emirates and Kuwait have already started reducing oil production as storage runs out, joining Iraq, whose output is now down about 60%. Others may be forced to follow as oil tankers c ...

Only a trickle of oil and crucial oil-derived fertilizers and chemical feedstocks are getting out of the Persian Gulf. That little trickle is mostly Iran's oil.One result is that Gulf oil storage is rapidly filling up and Gulf states are starting to radically slow down oil production."The United Arab Emirates and Kuwait have already started reducing oil production as storage runs out, joining Iraq, whose output is now down about 60%. Others may be forced to follow as oil tankers continue avoiding the narrow ...