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Global Oil Crisis Loading? Iran Stuns Trump With Fresh Curbs | World In Shock

| Apr 17, 2026, 06:53:28 PM | TOI.in
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Iran has reportedly frozen all petrochemical exports to protect domestic market after the United States military's naval blockade of Iranian ports. According to media report, the decision was taken to "prioritize domestic supply and prevent shortages of raw materials." During the war, key petrochemical production hubs in Asaluyeh and Mahshahr were targeted by Israel in recent weeks. The US military began blocking shipping traffic in and out of Iran’s ports this week, a move aimed at dropping Iran’s export revenues and exerting pressure on Tehran.

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