Rep. Chip Roy

The floating storage obviously has been shut off, which means that puts some intense pressure on the tank storage or the pipeline storage.

The Karg Island situation, which handles 90% of the exports, is under intense pressure.

And so what you have to do is literally start turning the valve down on the wells.

And that's what the Iranians actually did.

The problem is that those are very old legacy fields.

And as you mentioned earlier, those fields have water issues.

They have pressure issues.

They have migration issues with them.

And the Iranians know somehow what that scenario will play out.

But obviously, it's going to have a long-term impact on their ability to ramp up to another 3 million barrels a day.

We're kind of in that endgame scenario right now, I think.

And so this Project Freedom slash Project Pause

I think the president might have them in a situation where they are finally at the table for the fourth or fifth time or sixth time.

But I think they really are starting to feel the heat right now.

Well, I don't know if he's fully, they're not going to explode, but there's pressure issues both at the wellhead and in the storage capacity.

And so oil's got to go somewhere.

When it comes out, it's got to go somewhere.

And again, the Iranian storage is at maximum while they're trying to get their shadow fleets back in.

And the blockade shut those tankers that were already on the water from coming back in to reload.

And then you've got those that are stuck behind the blockade.