Here's how US blockade is affecting Iran’s economy

The US naval blockade is severely impacting Iran’s economy by drastically reducing oil exports and restricting foreign currency inflows, exacerbating decades of sanctions-related economic strain. US President Trump claimed Iran’s economy is in collapse, while Treasury Secretary Besent warned of imminent oil production shutdowns. Iran relies heavily on China as its economic lifeline and faces soaring inflation and a plummeting currency amid the blockade.