In recent weeks, the United States has succeeded in loosening Iran's grip over the Strait of Hormuz while virtually shutting down Iran's own oil exports, accelerating its economic free fall.

Iran’s oil exports have effectively collapsed under the renewed U.S. blockade, with August loadings down roughly 80% year-on-year and some trackers estimating zero exports escaped…

The United States has succeeded in loosening Iran's grip over the Strait of Hormuz while virtually shutting down Iran's own exports.