1 Day
Source:
New York Post
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Iran's oil to China halted by US blockade
Iran’s oil exports to China have effectively ceased due to the US naval blockade on its ports, which prevented the country from replenishing its offshore stockpile. As a result, Iran’s oil reserves, previously estimated at 135 million barrels, have dropped below 1 million barrels and are now nearly exhausted. The loss of revenue from oil exports, which account for about 30-40% of Iran’s income, is estimated at over $25 billion, significantly impacting Iran’s economy and financial stability.
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