According to ChainCatcher, a U.S. blockade targeting Iranian ports has pushed Iran’s oil exports down to extremely low levels, costing Tehran tens of billions of dollars in revenue each month. The report said the economic pressure has not yet forced Iran to make concessions in negotiations. Even so, the Trump administration believes time is on Washington’s side and views the blockade as a measure that is strengthening the overall effect of sanctions. The update focused on the pressure created by the port restrictions and the revenue hit described in the report, without indicating any change in Iran’s negotiating position so far.
According to ChainCatcher, a U.S. blockade on Iranian ports has pushed Iran’s oil exports to extremely low levels, costing Tehran tens of billions of dollars in revenue each month.
The report said the economic pressure has not yet forced Iran to make concessions in negotiations. Still, the Trump administration believes time is on the U.S. side and sees the blockade as strengthening the effect of sanctions.
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