Monday, August 10, 2026 | 10:08 AM

Financial Journal — Business, Markets & Economy News

ECONOMY

US Blockade Strangles Iran Oil Industry, Threatens Collapse

US Blockade Strangles Iran Oil Industry, Threatens Collapse

With the US naval blockade in effect since April 13, 2026, Iran could run out of oil storage capacity in two to three weeks, which would force well closures with potentially irreversible long-term damage.

Advertisement

Advertisement

Financial Journal — your leading business journal in markets, economy, companies, and more.

Special Coverage

Politics
Brazil Warns of Risk After US Terrorist Designation

Brazil Warns of Risk After US Terrorist Designation

  • Brazil expressed concern over the United States' decision to designate the ...
more →
Sports
Mexico City Sets Up 18 Free Fan Festivals for World Cup 2026

Mexico City Sets Up 18 Free Fan Festivals for World Cup 2026

  • Mexico City Mayor Clara Brugada announced 18 free fan festivals spread acro...
more →
Economy
US Blockade Strangles Iran Oil Industry, Threatens Collapse

US Blockade Strangles Iran Oil Industry, Threatens Collapse

  • With the US naval blockade in effect since April 13, 2026, Iran could run o...
more →
Health
Venezuela Earthquake Survivors Face Growing Health Emergency as Hospitals Struggle and Disease Spreads

Venezuela Earthquake Survivors Face Growing Health Emergency as Hospitals Struggle and Disease Spreads

  • Venezuela is facing a growing humanitarian crisis after devastating earthqu...
more →

Opinion Poll

Should the government prioritize economic growth over fiscal consolidation?

View all polls