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The Economic Times

Global Business / The Economic Times

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Iran rushes out oil exports as tensions with US flare again

Iran has dispatched eleven million barrels of crude oil via tankers. This action occurs as tensions with the United States escalate significantly. President Donald Trump has threatened to reimpose a blockade on Iranian ports. The US military conducted strikes on Iran for a second consecutive day. This renewed instability has caused oil prices to surge this week.

9 Jul 2026 7:44 pm