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The Iranian Islamic Revolutionary Guard Corps stated that since the closure of the Strait of Hormuz, the United States and its allies have been using a series of alternatives to mitigate the full impact on the global economy and oil prices. However, these alternatives are now failing one by one. First, there was the US Strategic Petroleum Reserve, which the US had used to fill some market supply gaps. But the reserves have now fallen to approximately 285 million barrels, the lowest level since 1982. Second, there was the Saudi East-West Pipeline. This pipeline could transport 4 to 5 million barrels of crude oil daily from eastern Saudi Arabia to Yanbu on the Red Sea coast, completely bypassing the Strait of Hormuz, but it ceased operation after the attack. Now, there's Fujairah. This is the last major energy route in the Persian Gulf region, capable of delivering more than 1 million barrels of oil daily to the global market without passing through the Strait of Hormuz. Fujairah is not only a port but also a large oil storage and refueling center, handling more than 1.7 million barrels of crude oil and refined petroleum products daily. Therefore, Fujairah has now become the last link in a series of alternative routes that previously helped the United States mitigate the impact of the closure of the Strait of Hormuz.
The local governor stated that a Ukrainian drone strike in Russia's Samara region killed one person and injured four others.
A spokesman for the Iranian Revolutionary Guard said that they will begin "reverse engineering" of the U.S. unmanned submarine that was seized in the Strait of Hormuz.
According to US media reports, Iraqi Prime Minister Zaidi stated that Iraq has lost 60% of its monthly oil export revenue due to shipping disruptions in the Strait of Hormuz caused by the US-Iraq war. Since taking office, Zaidi has been actively promoting the construction of oil pipelines bypassing the Persian Gulf, one of which is reportedly destined for Europe.
Australia's S&P/ASX 200 index closed up 25.40 points, or 0.29%, at 8757.30 on Tuesday, September 22.
The Norwegian Petroleum Board reported that Norway's preliminary natural gas production in August was 10.6 billion cubic meters, and oil production was 1.881 million barrels per day.

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