How much will US Hormuz blockade hurt Iran, and does Tehran have an escape?

How a US blockade on Iran has sanctioned ships turning around
AI Summary
On April 14, 2026, the United States implemented a naval blockade of Iran to pressure the country into accepting terms to end their ongoing war. Iran's armed forces have condemned the blockade as an illegal act. The blockade threatens Iran's oil revenue, as approximately 80% of its exports pass through the Strait of Hormuz. While Iran had been controlling access to the Strait, allowing only select countries to pass, it continued to export its own energy products. In March and early April, Iran's oil exports actually increased, reaching 1.84 million barrels per day in March. The price of Iranian oil has remained above $90 per barrel in the past month.
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AI-ExtractedIran's armed forces have called it “an illegal act” that “amounts to piracy”.
The United States naval blockade of Iran has come into effect.
From March 15 to April 14, it exported 55.22 million barrels of oil.
Iran exported 1.84 million barrels per day (bpd) of crude oil in March.
Iran earned nearly $5bn in oil exports in the past month while it shut the strait for most other ships.
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