Iran to halt oil shipments this week

US Treasury Secretary Steven Mnuchin confirmed that Iran will not possess any oil shipments offshore this week and will not generate any revenue from them, as part of an unprecedented economic isolation imposed by Washington. He explained that military operations have destroyed Iran’s naval and aerial capabilities and depleted its drone and missile inventories. The upcoming phase includes building a formidable iron curtain and an unprecedented blockade, with expectations that global oil supplies will improve and prices will decrease.

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