July 20, 2026
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3:22Now PlayingIran is estimated to have earned $5–6 billion from crude oil exports during a brief period when the US temporarily eased restrictions under the June 17 US-Iran agreement. Analysts say Tehran exported nearly 70 million barrels by rapidly increasing shipments to Asia and using ship-to-ship transfers to move crude to Chinese refineries. The US has since reimposed its blockade on the Strait of Hormuz, aiming to curb Iran's oil revenue, though experts say Tehran built a significant export buffer before restrictions returned.
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#iran #usoilblockade #straitofhormuz #oilexports #crudeoil #chinatrade #energysecurity #middleeast #sanctions #iranoil #globaloil #wallstreetjournal #shipping #geopolitics #breakingnews #mirrornow #mirrornoworiginals
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