US halts Iranian oil exports
The White House clarified that Iran has not exported any amount of oil since the US sanctions were reinstated in mid-July, and that the Strait of Hormuz remains open to the United States and closed to Iran. This comes after a White House advisor announced that Iranian forces have been eliminated and that President Trump's achievements are considered among the greatest military accomplishments in modern warfare. Despite this, Iranian officials acknowledged the impact of the sanctions on the economy, noting a decline in exports and imports between 25% and 35%, with predictions that gasoline prices will rise to align with the decrease in trade activity.
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