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World News

The Economic Times

World / The Economic Times

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EXPLAINED: What does a US naval blockade of Iran mean for oil flows?

The US military will block ships entering or leaving Iran's ports. This action will stop about two million barrels of Iranian oil daily from reaching global markets. This move will further reduce the world's oil supply. Peace talks between the US and Iran ended without a deal. Iran's Revolutionary Guards warned of a harsh response to any approaching military vessels.

13 Apr 2026 12:59 pm