Iran's Economy Struggling Under U.S. Blockade

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 30 April 2026

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

It has been over two weeks since the U.S. Navy began a blockade of Iranian ports, and now millions in Iran have been pushed into poverty as the country’s economy crumbles. It also appears the blockade is causing collateral damage back home with oil prices surging to their highest levels in the past four years. over concern of renewed U.S. military strikes and an extension of the blockade. Meanwhile, the United Arab Emirates is leaving OPEC, marking a major shift in global energy politics. FOX’s Jonathan Savage speaks with Max Meizlish, research fellow at the Foundation for the Defense of Democracies, and previously worked at the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), who says the blockade is working, severely impacting Iran's economy, but even more can be done to freeze their oil revenue. Click Here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit podcastchoices.com/adchoices

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0:30.0	I'm Brett Baer.
0:30.8	I'm Maria Bartramo.
0:31.9	I'm Brian Kilmead and this is the Fox News Rundown.
0:39.0	Thursday, April 30th, 2026, I'm Jonathan Savage.
0:43.2	Oil costs more than it has in years.
0:45.5	The Strait of Hormuz is choked off, and the United States is blockading Iranian ports.
0:51.3	Who's hurting more?
0:52.3	The more that we can actually go and stop the flow of tankers entering Iranian waters to draw on that oil is a good thing.
0:58.8	And then also to the extent that we can prevent the flow of material and contraband going into support Iran's defense industrial base for China, Russia, wherever.
1:08.4	That's going to be a strategic purpose that is in line with
1:11.3	US objectives as well.
1:12.4	This is the Fox News rundown, Operation Epic Fury.
1:20.2	Iran's economy has been in a bad shape for some time, but the military operation by the United
1:25.3	States and Israel has made things even worse.
1:28.5	And that's the point. Make this battle too expensive to fight. But the oil price shock is putting
1:34.1	pressure on President Trump and his administration is working on a new plan to reopen the
1:39.5	Strait of Hormuz. Dmitri Zedanikov, the energy editor at Reuters, fears this crisis is here to stay.
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