US says it removed 2.7 million barrels of Iranian oil from market

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The US has removed nearly 2.7 million barrels of Iranian oil from global markets after it reimposed sanctions on all purchases of Iranian crude, US Secretary of State Mike Pompeo said. In May, the US ended sanction waivers given to importers of Iranian oil, including India. Iran reportedly exported about 100,000 barrels per day of crude in July.