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World · 8 hours ago

Gulf oil exports return to prewar levels despite US blocking Iran's trade

Gulf oil exports return to prewar levels despite US blocking Iran's trade

Middle East crude exports are now near prewar levels, reaching about 17.5 million barrels per day this past week. The US naval blockade has kept Iran's oil exports at essentially zero, leading President Trump to boast America controls the Strait. However, analysts warn Iran could destroy oil infrastructure and escalate the war if diplomacy fails.

Reported by Fortune · How we write briefs

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