Energy

U.S. Navy blockade slashes Iran oil exports as Trump administration shifts to economic warfare - CNBC

Source: CNBC

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DW NOTE

The Navy is blockading Iran while the Strait of Hormuz has been effectively closed for five days and oil is down 26% from its peak. This is economic warfare conducted after the leverage already evaporated — a blockade imposed when the oil market has priced in the supply loss and moved on. Either the administration is trying to stop exports that have already stopped, or the goal is regime pressure at a moment when the oil weapon no longer works.

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U.S. Navy blockade slashes Iran oil exports as Trump administration shifts to economic warfare - CNBC

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