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Breaking Posted 4 hours ago

US Sanctions 17 Iranian Oil Vessels; Tehran Halts Crude Shipments

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The US Treasury sanctioned 17 vessels transporting Iranian crude and petroleum products, prompting Iran to halt both loading and unloading operations at its ports. An estimated 20 million barrels remain stranded offshore. Oil markets face fresh supply-side pressure; crude strength supports CAD while energy costs ripple through EUR amid Eurozone fiscal stress.
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