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The US Treasury Department has sanctioned 17 vessels for transporting Iranian crude oil and petroleum products as Washington tightens pressure on Tehran.
US Treasury sanctioned 17 vessels linked to Iranian oil exports to Asia. Global oil stockpiles fell from about 10 billion to less than 6 billion barrels. Gulf crude flows returned to 18.5 million barrels per day, matching pre-conflict levels. Brent crude futures traded 1.34% lower at $102.86 per barrel.