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US Blockade Triggers Crisis; CIA Says Iran Retains Missiles

5/7/2026

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Story summary
  • U.S. naval blockade of the Strait of Hormuz sparked an oil and food crisis, worsening the U.S. economy.
  • A CIA analysis says Iran can endure the blockade for about 120 days, contradicting administration claims of immediate collapse.
  • President Donald Trump claimed Iranian missiles are largely destroyed despite CIA data showing Tehran retains about 70% of stockpiles and 75% of mobile launchers.