Iran maintains oil exports amid conflict
Iraq's oil exports have declined by 75% as a result of the closure of the Strait of Hormuz, which has had a significant impact on global oil supplies. Iran announced that it shot down 180 American drones during the war, and the Iranian oil minister confirmed that the maritime blockade is hindering the transportation and delivery of oil to clients. Tensions in the region have also escalated, with Iran moving to strengthen its control over the Strait of Hormuz, amid ongoing clashes in Gaza that have resulted in martyrs and injuries from Israeli shelling and gunfire.
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