How US Targets Iran's Economy
The article discusses the escalation between the United States and Iran in targeting oil tankers in the Gulf, shifting from a naval blockade to direct strikes on energy infrastructure. The United States announced it had targeted three Iranian tankers in Gulf waters, while Iran responded by declaring a "prohibited zone" outside the Strait of Hormuz and destroying vessels affiliated with America in retaliation for the American strikes. This occurs within the framework of a U.S. economic campaign aimed at dismantling Iran’s financial and trade networks, amid increasing threats to disrupt oil exports through the Strait of Hormuz, which accounts for more than 90% of Iran's oil exports. These targeted actions have raised insurance and maritime transportation costs, as Iran faces severe restrictions on its exports and employs shadow fleet networks to continue exporting despite significant challenges. Estimates indicate that Iran’s oil exports have decreased from 2.1 million barrels per day before the blockade to approximately 567,000 barrels currently, and the country has suffered extensive economic losses due to the escalation of attacks and restrictions on maritime movement.
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