Geopolitics

Washington to use G20 finance meeting to push Iran sanctions - The Arab Weekly

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DW NOTE

Washington is lobbying G20 finance ministers to tighten Iran sanctions while the Strait of Hormuz sits closed for the fifth day and oil supplies are down 4.3 million barrels per day. The ceasefire expired August 17. This is a pitch for coordinated fiscal pressure in the middle of a supply shock the sanctions helped create.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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Washington to use G20 finance meeting to push Iran sanctions - The Arab Weekly

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