US Naval Blockade Cuts Off Iran's Oil Exports Through Strait of Hormuz

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

For the first time on record, Iran has gone without shipping meaningful crude exports for over seven weeks, according to Reuters.

The blockade, imposed by the US Navy, has effectively blocked Iran's ability to export oil through the strategic waterway, a key transit point for global energy supplies.