Bloomberg: The American embargo on Iranian oil exports and attacks on commercial ships in the Strait of Hormuz have led the United States and Iran to mutual economic damage. Because of the restrictions, Iran's oil exports dropped from 2 million barrels per day before the war to a low, severely weakening the country's economy by $300 billion. For the United States, shipping risks have resulted in higher freight costs and continued high fuel prices. At the same time, about 80% of the cargo volume before the war continues to pass through the strait.