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news Cbc World 2026-05-08

US Blockade Begins to Impact Iran's Economy

A US naval blockade implemented in mid-April is showing signs of impacting Iran's economy, particularly its ability to export crude oil. While not immediate, the economic pressure is reportedly mounting.


<img alt="Donald Trump seated at the Resolute Desk in the Oval Office." height="349" src="https://i.cbc.ca/ais/66ca67b6-4b30-431a-8af8-288e5f28a4a9,1778101265520/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C137%2C5205%2C2927%29%3BResize%3D%28620%29" title="U.S. President Donald Trump meets with UFC fighters in the Oval Office on Wednesday." width="620" /><p>Soon after he ordered a naval blockade in mid-April, U.S. President Donald Trump claimed Iran's pipelines would "explode" within a few day...

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