ABC News & Headlines – Australian Broadcasting Corporation·4 min read·medium
US strikes Iran and reinstates oil sanctions, but Tehran has already raked in billions
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Emily Clark✦AI Summary
The United States has reinstated oil sanctions against Iran following strikes on commercial vessels in the Strait of Hormuz. Despite these measures, Iran has successfully moved stored oil to market, mitigating the economic impact of the blockade.
Iran was able to sell oil stored at sea during the United States blockade of its ports. ( Reuters: Raheb Homavand )
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