U.S. naval blockade threatens to end Iran oil revenues by December

U.S. naval blockade threatens to end Iran oil revenues by December

STL.News Press Release Distribution Services NEWYou can now listen to Fox News articles! Iran is approaching a financial reckoning as a U.S. naval blockade threatens to wipe out its seaborne crude oil revenues by mid-December — but the economic pain may fall more heavily on ordinary Iranians than on the military Washington is trying to constrain.Iran’s trackable floating oil inventory outside the U.S. blockade zone has fallen to zero, according to energy intelligence firm Kpler, which projects that Tehran's crude revenues could dry up by the middle of December as outstanding payments are settled.But the loss of oil revenue would not necessarily translate into

Source: Read Original Article