Iran's oil blockade.. time is running out and the people are paying the price Time is no longer an ally for Tehran in the mutual blockade battle with the United States. The Iranian regime, which bet on closing the Strait of Hormuz and prolonging the war to raise the cost for Washington, is now facing a sharp decline in oil exports, a rapid collapse of the currency, and a severe rise in food prices, while Iranians bear the daily cost of a struggle for influence that shows no sign of ending.
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