US Naval Blockade Cuts Off Iran Oil Exports for First Time

The United States naval blockade on Iran's oil exports has been successful in cutting off one of Tehran's main sources of foreign-currency earnings, for the first time in recorded history.

Iran has gone about seven weeks without shipping meaningful crude exports through the Strait of Hormuz, according to Reuters. This marks a significant shift from years of sanctions that failed to have the same impact.

The blockade is seen as a response to Iran's retaliatory attack on American forces in Jordan following U.S. strikes. Trump had vowed there would be 'a response' to such actions.