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Jewasity · Aug 5, 2026

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Iran's National Iranian Oil Company faces growing financial problems after a state-owned bank froze some of its accounts over debt. Officials also said the company cannot repay nearly $17 billion owed to the National Development Fund because a major oil project has been delayed.

Iran's National Iranian Oil Company faces growing financial problems after a state-owned bank froze some of its accounts over debt. Officials also said the company cannot repay nearly $17 billion owed to the National Development Fund because a major oil project has been delayed.

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