Iran can endure US blockade for months without major economic crisis: Report

The US military blockade of Iran’s ports is likely to cut Tehran off from vital oil revenue, but NBC News reported Saturday that the country could likely endure the pressure for months without a major economic crisis or lasting harm to its oil industry, possibly dimming US hopes of forcing a quicker end to the war. After the blockade began about a month ago, President Donald Trump and senior administration officials suggested it would quickly trigger a crisis in Iran’s oil sector. Trump said Iran’s oil infrastructure could “explode” within days if exports stopped. “If they don’t get their oil moving, their whole oil infrastructure is going to explode.” That prediction did not come true, though the blockade has stopped […]