Energy

How the US and Middle East allies flipped the oil script on Iran - CNN

Source: CNN

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DW NOTE

The Strait of Hormuz has been effectively closed for five months. Iran's oil exports — which once moved 17 million barrels daily through that chokepoint — have stopped. The "flipped script" is that sanctions are now self-enforcing: Iran can't sell what it can't ship. The allies didn't outsmart Tehran; a mined waterway did the work for them.

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The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des

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How the US and Middle East allies flipped the oil script on Iran - CNN

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