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US Secretary of State Rubio says "oil shipments through the southern Hormuz corridor, which we cleared of mines, have reached nearly 80% of pre-conflict levels"

StockNow breaking-news AI analysis

Rubio reported southern Hormuz corridor shipments at nearly 80% of pre-conflict levels; the report also described Iran's embargo-related export constraint and worsening economic pressure.

News detail

Iran faces enormous economic pressure that will worsen significantly in the next few weeks. The only country that cannot reliably export oil from the Middle East is Iran because of the embargo.

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