https://www.live-feeds.com/feed/iran-eyes-130-oil-while-at-least-50-tankers-sit-stuck-in-the-gulfContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/iran-eyes-130-oil-while-at-least-50-tankers-sit-stuck-in-the-gulfhttps://www.live-feeds.com/feed/iran-eyes-130-oil-while-at-least-50-tankers-sit-stuck-in-the-gulf#u166851Sun, 01 Nov 2026 05:25:57 +0000Iran's economic planners are considering a $130 per barrel oil price scenario for their upcoming budget. At least 50 laden Iranian tankers are currently stuck in the Gulf due to a U.S. naval blockade, which has drained Iran's floating storage. This development has severely restricted Tehran's ability to export crude oil. Iran's economy is struggling under U.S. sanctions, with some forecasts predicting a shrinkage of more than 25%.Why it mattersThe situation is critical for Iran as it faces significant economic challenges due to the U.S. sanctions and the COVID-19 pandemic.