US Shifts Strategy to Economic Strangulation as Iranian Oil Exports Halt

The head of the Central Bank of Iran, Abdolnaser Hemmati, has stated that Iranian oil exports have 'practically stopped' due to current conditions.

This announcement comes as the United States is reportedly shifting its strategy towards a gradual economic 'strangulation' of Iran instead of military action.

According to CNN, American officials expect a new package of sanctions against Iran to be introduced this week, while the blockade of Iranian ports will remain in place.