WSJ, AP: Iran Learning to Regret Pulling Pin on Hormuz Strategy; UPDATE: 'No Deal,' Says Trump
Iran's attempt to blockade the Strait of Hormuz has backfired, leading to a U.S. counter-blockade that has crippled its oil exports and economy. The closure of key shipping routes and an ongoing internet shutdown have exacerbated economic damage, with daily losses estimated in the millions. Despite internal divisions, hardliners continue to push for military escalation, while moderates advocate for negotiations with the U.S.
- ▪Iran attacked shipping in the Strait of Hormuz, prompting a U.S. blockade of all Iranian ports.
- ▪Only 40% of Iran’s trade can be redirected from blockaded ports, according to the Iranian Shipping Association.
- ▪The IRGC's internet shutdown costs Iran an estimated $2.8 to $4.3 million per day.
- ▪The U.S. blockade remains in place until Iran capitulates on nuclear issues.
- ▪Alternative transport like rail cannot match the capacity of oil exports via Kharg Island.
Opening excerpt (first ~120 words) tap to expand
WSJ, AP: Iran Learning to Regret Pulling Pin on Hormuz Strategy Ed Morrissey 12:40 PM | May 01, 2026 meme What happens when you try to blockade an international waterway when you no longer have a blue-water navy? Iran learned the answer to that question the hard way. The question remains: will they wise up in time to salvage their economy, and possibly, what's left of their industrial infrastructure? Advertisement googletag.cmd.push(function () { googletag.display("div-gpt-300x250_4"); //googletag.pubads().refresh([gptAdSlot["div-gpt-300x250_4"]]) }); Perhaps, but not likely.
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