Iran remains in stalemate with US and Israel over Strait of Hormuz
Updated
Updated · Reuters · Apr 30
Iran remains in stalemate with US and Israel over Strait of Hormuz
12 articles · Updated · Reuters · Apr 30
After an April 8 truce paused major fighting, a U.S. blockade of Iranian Gulf ports has cut energy exports, though Chabahar remains outside it and some overland trade continues.
Shipping data showed about 300,000 barrels a day left for the Indian Ocean from more than 1 million bpd loaded on tankers, while analysts say storage may last roughly two months.
Economists expect a double-digit GDP drop, but authorities still have food supplies, salary payments and gold reserves as businesses suffer, the rial weakens and fears of renewed protests persist.
As the world faces its largest oil shock, will China's quiet support for Iran trigger a wider economic conflict?
With Iran's leader gone and its economy crippled, what new power balance will emerge in the Middle East?
Is the U.S. military's advanced technology being defeated by Iran's use of a centuries-old naval mining tactic?