Iran faces growing crisis as US blockade squeezes Hormuz, losses hit $4.8bn
Iran is facing mounting economic and military strain as a United States naval blockade around the Strait of Hormuz and Gulf of Oman continues to choke off its critical oil exports, with Pentagon-linked estimates putting losses at roughly $4.8 billion, a report by Axios said. The disruption has intensified pressure on Tehran’s already fragile economy,…