By Douglas V. Gibbs —— Bio and Archives--May 3, 2026
American Politics, News | Comments | Back To Full Article

The Iranian economy teeters on the brink of total collapse, with inflation skyrocketing to a staggering 100%. Meanwhile, America's naval blockade at the Strait of Hormuz has effectively choked Iran's oil exports, delivering a devastating economic blow. Tehran's leadership lies in tatters after precision U.S. and Israeli strikes, leaving the nation virtually rudderless. The blockade's enforcement has already turned back 44 commercial vessels, effectively sealing off shipping routes to the Indian Ocean.
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