US has restricted Iran's oil exports and loosened its Strait of Hormuz control. This ongoing conflict, however, is nowhere near resolution and its costs are only rising. Iran's leaders have shown no signs of backing down and may even escalate military actions further.

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.