US Naval Blockade Crimps Iran Oil Exports Amid Economic Consequences

A US naval blockade has successfully cut off Iran's main source of foreign-currency earnings by stalling its oil exports through the Strait of Hormuz.

This marks a significant shift in strategy, as sanctions imposed on Iran have previously failed to yield results.

According to reports, Iran has gone without shipping meaningful crude exports for over seven weeks, with the blockade effectively crippling the country's economy.