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Commodities

US Blockade Halts Iran Oil Exports Through Strategic Waterway

Guavy AI Editorial Team
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Oil
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A US naval blockade has successfully cut off Iran's oil exports through the Strait of Hormuz for the first time in recorded history, according to reports.

The blockade, which began weeks ago, marks a significant shift in the global energy landscape as it has effectively halted one of Tehran's main sources of foreign-currency earnings.

Iran's crude oil exports have stalled, with no meaningful shipments passing through the Strait of Hormuz for over seven weeks.

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