News Summary

• After years of surviving sanctions, Tehran is now confronting one of the harshest squeezes in the Islamic Republic's ‌history.
• A u.s. naval blockade and tougher sanctions are curbing oil exports, restricting access to foreign currency and exposing growing strains in the economy.
• "The balance of power has tilted against Iran a bit," said Iranian analyst Arash Azizi.
• Iran is losing some of the leverage it had over the Strait of Hormuz because it has been unable to close it fully, he said.