US Navy blockade has caused Iran’s oil exports to crater — and could finally destabilize regime: expert

Iran’s oil exports have dropped to nearly zero under the renewed US naval blockade, according to analysis from a former senior US Treasury official — who predicts that the economic impacts could hit the elite and destabilize the regime within two to three months. Iran’s ability to ship oil out of the Strait of Hormuz to offset its current economic woes has hit a wall under the new blockade, with little to no activity seen at its Kharg Island hub, according to recent satellite images. As Iran and the US attempt to use economic pressures to see who will blink...