- Iranian crude exports through the Strait of Hormuz have been halted for about seven weeks, the longest such interruption described in the report.
- The blockade has disrupted Iranian crude shipments more effectively than years of sanctions, according to the report.
- China has been cut off from fresh Iranian crude supplies.
Quotes
“For the first time on record, Iran has gone about seven weeks without shipping meaningful crude exports through the Strait of Hormuz”
“Blockade succeeds where years of sanctions failed”