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Iran Halts Oil Exports, Iran’s Central Bank Says

8/23/2026

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Story summary
  • Iran’s central bank governor Abdolnaser Hemmati said on 19 August that Iran has halted oil exports.
  • Parliament Speaker Mohammad Bagher Qalibaf announced in Baghdad a plan on Friday to counter “unjust sanctions”.
  • Qalibaf urged Iranian and Iraqi business leaders to create a bilateral national-currency trade system.
  • Officials said the currency-swap scheme, seeking Iraq’s help, is essential for Iran’s survival under sanctions.