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U.S. Treasury Secretary Scott Bissent confirmed that the United States has achieved unprecedented isolation of Iran, as Iran will have no oil shipments by sea this week for the first time since it began exporting oil. The United States facilitated the passage of 1.1 billion barrels of oil through the Strait of Hormuz, but Iran has been unable to pass any barrels during this period. These measures are part of ongoing efforts to pressure Iran into reducing its oil exports and to impose sanctions that have deteriorated its ability to export oil via maritime routes.
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