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Business

U.S. Navy blockade slashes Iran oil exports as Trump administration shifts to economic warfare

CNBC · August 28, 2026 at 7:50 AM

The U.S. has shifted to a campaign of economic warfare, after a dozen waves of airstrikes in July failed to force Tehran to abandon its claim to Hormuz.

Read the full article on CNBC ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.cnbc.com — the content belongs to CNBC.

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