Report: Iran’s main revenue artery nears breaking point

According to a report by the Wall Street Journal and data from the shipping tracking firm Kpler, the naval blockade imposed by the US Navy since mid-July has dealt a severe blow to Iran's oil exports. Based on this data, since the start of the blockade, no Iranian crude oil shipment has managed to cross the blockade line to reach target markets. Iran's floating oil reserves, which stood at approximately 90 million barrels in July, have now shrunk to 29 million barrels and are expected to be depleted by mid-October. This situation has placed severe pressure on Iran's foreign currency revenues, with inflation in the country exceeding 80 percent. Meanwhile, China, as the primary buyer, is turning to alternative suppliers such as Saudi Arabia, Iraq, and the UAE. Analysts believe that this economic pressure has confronted the Iranian government with serious challenges in funding and maintaining the value of the rial, although some experts warn that this situation could lead to an escalation of military tensions rather than capitulation.