According to a Monday Wall Street Journal report citing data from maritime platform Kpler, Iranian oil exports have declined since a US naval blockade was reinstated in mid-July, with shipments falling from an estimated 90 million barrels to approximately 29 million barrels.

US Treasury Secretary Scott Bessent stated that no Iranian crude cargoes have transited the Strait of Hormuz to China since the blockade began, though he characterized the situation with a "Jaws" graphic alongside data on falling exports and currency values.