“Iran’s oil export revenue is drying up as a U.S. naval blockade strangles shipments from the Persian Gulf and offshore stockpiles feeding China dwindle, putting more pressure on Tehran’s battered economy,” the Wall Street Journal reports.
“No Iranian crude has crossed the blockade since it was reinstated by the U.S. Navy in mid-July, according to ship tracker Kpler. Iran is still loading small amounts of oil onto tankers, but those barrels remain trapped inside the Gulf.”
Bloomberg: Iran says Strait of Hormuz deal with Oman just days away.
