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Has Iranian Crude Become Irrelevant to Global Oil Supply?

The reinstated U.S. blockade on Iranian oil exports is effectively preventing Tehran from exporting oil, making Iran’s oil volumes irrelevant for global oil market balances, Bob McNally, president of…

  • U.S. blockade on Iranian oil exports reinstated
  • Iran's oil volumes negligible in global market
  • Refined products signal tighter oil market

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