How oil, gas losses have shrunk Iran’s GDP by 10 percent during war - Al Jazeera
Source: Al Jazeera
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DW NOTE
Iran has closed the Strait of Hormuz for seven months, cut global oil supply by 5.7 million barrels per day, and shrunk its own GDP by 10 percent in the process. That's not economic warfare — it's self-immolation with a blockade.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu