How can trade restrictions affect multinational?

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1250288

2026-07-11 09:56

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trade restrictions can affect a number of nations simultaneously due to restrictions of a specific imported good.

for example the current Iran crisis has restricted oil export from that country and has hiked up prices for every other nations importing that good.

America and others are then having to either increase their price on the oil they export or decrease the volume of oil they ship out.

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