Jam extract (7)

I believe the answer is:

squeeze

This clue is a double definition.

'jam' is the first definition.
(thesaurus)

'extract' is the second definition.
(thesaurus)

(Other definitions for squeeze that I've seen before include "Steady" , "Press (a lover?)" , "Exacting demand" , "credit crunch?" , "Hug; press in upon" .)

I've seen this clue in the Sydney Morning Herald.

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