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US Restores Hormuz Blockade, Slashing Iran Oil Exports

9/9/2026

10 2 Full Breakdown

Summary

Story summary

The United States reinstated a naval blockade that halted Iranian crude shipments through the Strait of Hormuz since mid-July.
Iran’s oil exports fell from 90 million barrels in mid-July to about 29 million barrels.
Daily loading fell to 255,000 barrels in August, 85 % below the February-April average.
Iran’s inflation exceeds 80 % year-over-year.
The IMF forecasts a 5.4 % contraction for Iran in 2026.

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Story summary

The United States reinstated a naval blockade that halted Iranian crude shipments through the Strait of Hormuz since mid-July.
Iran’s oil exports fell from 90 million barrels in mid-July to about 29 million barrels.
Daily loading fell to 255,000 barrels in August, 85 % below the February-April average.
Iran’s inflation exceeds 80 % year-over-year.
The IMF forecasts a 5.4 % contraction for Iran in 2026.