Iran’s Oil Dollars Are Drying Up—and Plunging It Deeper Into Crisis - WSJ
Iran’s Oil Dollars Are Drying Up—and Plunging It Deeper Into Crisis - WSJ
Source: WSJ
―
DW NOTE
Iran closed the Strait of Hormuz in February, watched Brent climb 45%, and is now running out of money because it cannot export through the channel it blockaded. The regime spent decades threatening to weaponise the strait, then discovered that a chokepoint works both ways. Oil at $96 is no use to a seller with no way to move it.