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How the U.S. blockade is starting to hurt Iran's economy

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May 08, 2026 - 12:00
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How the U.S. blockade is starting to hurt Iran's economy
Donald Trump seated at the Resolute Desk in the Oval Office.

Soon after he ordered a naval blockade in mid-April, U.S. President Donald Trump claimed Iran's pipelines would "explode" within a few days from the inability to export crude oil. While that extreme prediction didn't come true, there's evidence the blockade is starting to hurt Iran's economy.

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