🔺Reuters: U.S. naval blockade has brought Islamic Republic oil exports to the lowest level

◾The U.S. naval blockade against the Islamic Republic, after years of sanctions that had failed to stop Iran’s oil exports, has reduced the flow of new shipments of crude oil from the Strait of Hormuz to China to nearly zero for about seven weeks, putting unprecedented pressure on one of the most important sources of foreign-currency revenue for the Iranian government.