Iran's crude oil exports have collapsed 100% under the US naval blockade, with no successful exports for more than three months, according to TankerTrackers. Change in crude oil exports from the Middle East compared to January-February 2026: Iran: -100% Iraq: -13% Kuwait: -39% Oman: -2% Qatar: -47% Saudi Arabia: +10% (West +296%, East -27%) United Arab Emirates: +6% Iranian oil production also fell to 1.96 million bpd in September, falling below 2 million for the first time since 2020 and approaching levels last seen during the Iran-Iraq war in the 1980s. Meanwhile, the IRGC's navy is threatening to expand the war by attacking US bases across the region if the US continues to target ships in "illegal" ways in the Strait of Hormuz. Iran is under pressure from the American blockade and is now threatening further escalation.

Iran's crude oil exports have collapsed 100% under the US naval blockade, with no successful exports for more than three months, according to TankerTrackers. Change in crude oil exports from the Middle East compared to January-February 2026: Iran: -100% Iraq: -13% Kuwait: -39% Oman: -2% Qatar: -47% Saudi Arabia: +10% (West +296%, East -27%) United Arab Emirates: +6% Iranian oil production also fell to 1.96 million bpd in September, falling below 2 million for the first time since 2020 and approaching levels last seen during the Iran-Iraq war in the 1980s. Meanwhile, the IRGC's navy is threatening to expand the war by attacking US bases across the region if the US continues to target ships in "illegal" ways in the Strait of Hormuz. Iran is under pressure from the American blockade and is now threatening further escalation.