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U.S. blocks Iran oil exports, cutting shipments to China

9/1/2026

26 2 Full Breakdown

Summary

Story summary

U.S. forces have blocked Iran’s oil exports in the Strait of Hormuz for seven weeks.
The blockade halted all fresh Iranian crude shipments to China, Iran’s only major remaining buyer.
Iran’s loading fell to about 220,000-255,000 barrels per day in August, down from 740,000 bpd in July.
Twenty-nine tankers holding roughly 36.11 million barrels remain stranded inside the Strait of Hormuz.

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Story summary

U.S. forces have blocked Iran’s oil exports in the Strait of Hormuz for seven weeks.
The blockade halted all fresh Iranian crude shipments to China, Iran’s only major remaining buyer.
Iran’s loading fell to about 220,000-255,000 barrels per day in August, down from 740,000 bpd in July.
Twenty-nine tankers holding roughly 36.11 million barrels remain stranded inside the Strait of Hormuz.