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World· Energy

Iran’s Oil Exports Collapse as Hormuz Standoff Drags On

More than six months into the U.S.-Iran war, shipping through the Strait of Hormuz remains disrupted and global oil prices are rising toward $100 per barrel. U.S. economic pressure, including a reinstated blockade and an operation dubbed Operation Economic Outcast, has sharply reduced Iran’s oil loadings, while other Persian Gulf exporters have partly recovered using covert transit and ship-to-ship transfers.

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