US-Israeli Strikes Destroying Oil Infrastructure, Converting Iran Into a Net Petroleum Importer
Iran is both a crude-oil exporter and a net importer of refined petroleum products, including gasoline, diesel, and jet fuel, because its domestic refining capacity was already insufficient before the war. Now that refining facilities are being struck, Iran will be able to produce even less refined fuel. Iran holds fewer than 90 days of petroleum reserves. With production and distribution facilities now under sustained