24 Hrs
Source:
CNN Arabic
Trump's policies strain Iran's economy
The escalation of tensions between Iran and the United States over control of the Strait of Hormuz demonstrates a sharp decline in maritime traffic through the passage. The number of daily transits has significantly decreased compared to pre-war levels, dropping from around eight vessels per day to about two or three per day since July 7. Nevertheless, Iran continues to exert substantial influence over the strait through threats of attack and maintains considerable control over oil movements, while many oil tankers resort to secret routes and avoid tracking. This has led to a diminished reliance on the Strait of Hormuz as a main transit route, with Iran prolonging disruptions to energy supplies. While this somewhat eases pressure on oil prices, it extends the duration of the conflict, resulting in economic losses for Iran and American measures to impose sanctions on oil exports. Despite resistance, clandestine shipping operations are increasing, and Iran's economic situation continues to deteriorate.
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