CryptoWorld News reports that research firm Kpler has pointed out that Iran's storage sites for crude oil are rapidly decreasing, with unused storage space available for 12 to 22 days of supply, which could prompt the country to accelerate its production cuts. Kpler analysts mentioned in a report released on Monday that Iran may be forced to cut an additional 1.5 million barrels per day before mid-May. Goldman Sachs stated last week that Iran has already reduced its daily crude oil production by as much as 2.5 million barrels. Since the outbreak of conflict on February 28, neighboring countries such as Saudi Arabia, Iraq, Kuwait, and the United Arab Emirates have also been forced to reduce their output. Kpler also noted that due to decreased shipping volume through the Strait of Hormuz, Iran's oil exports have recently fallen to about 567k barrels per day, with an average export volume of approximately 1.85 million barrels per day in March.