As the naval blockade and airstrikes fail to force open the Strait of Hormuz, Iran’s economy is hit as crude, petrochemicals and non-oil exports stall, alongside vital imports of food and industrial supplies.
Nearly a fifth of pre-war global oil and gas once passed through Hormuz; today that flow is a trickle. A proposed Iran–Oman maritime route offers limited relief, leaving markets anxious and Iran under sustained pressure.
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