RICHARD FERNANDEZ: The Blockade of Hormuz Revisited.. “The economic damage that the U.S. blockade has caused can well be imagined. In April 2026, Iran exported 29.7 million barrels by sea. After a month of blockade, exports plunged to 2.01 million barrels (a 93% drop). As a recent article put it, ‘Trump’s Blockade Is Zeroing Out Iran’s Oil Exports.'”
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