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Iran Juggles Oil Cuts and Storage Strain to Resist US Blockade
Financial Post
1 day ago
Bearish
As the US naval blockade in the Strait of Hormuz tightens around Iran’s oil trade, exports have plunged in recent weeks and storage is rapidly filling. Already, the country has begun curbing production, according to a senior Iranian official.
Stress in the System The buildup reflects a sharp drop in flows out of the Persian Gulf. Observable loadings have declined since the blockade, although the data can be difficult to interpret and oft… [+2976 chars]
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