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AXIOS (Ben Geman) - Iran may have oil options to drag things out

Iran has more cards to play to avoid the U.S. blockade halting its oil output — at least for now, analysts say. Why it matters: Oil is Iran's economic lifeblood, and President Trump hopes blocking exports — which eventually causes production to halt — will force concessions. - But Iran has extra storage capacity, and reportedly can get some tankers through the blockade — so it may be able to resist that pressure for a while longer. - The state of Iran's oil infrastructure could sway regime strategy as the Strait of Hormuz stalemate creates political pain for Trump. What they're saying: The country "may not be in imminent danger of a major crude oil shut-in," writes Antoine Halff, chief analyst with the climate and energy data…

Iran has more cards to play to avoid the U.S. blockade halting its oil output — at least for now, analysts say. Why it matters: Oil is Iran's economic lifeblood, and President Trump hopes blocking exports — which eventually causes production to halt — will force concessions. - But Iran has extra storage capacity, and reportedly can get some tankers through the blockade — so it may be able to resist that pressure for a while longer. - The state of Iran's oil infrastructure could sway regime strategy as the Strait of Hormuz stalemate creates political pain for Trump. What they're saying: The country "may not be in imminent danger of a major crude oil shut-in," writes Antoine Halff, chief analyst with the climate and energy data…Open