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Fortune
Fortune
World
Jason Ma

Iran's economy faces another blockade: Red tape and gridlock are clogging up land routes that bypass the U.S. Navy's Hormuz stranglehold

(Credit: Saifurahman Safi/Xinhua via Getty Images)

The U.S. naval blockade on Iran is already crushing its economy, and efforts to divert shipments over land are not providing much relief.

Before the war, more than 80% of Iran’s trade tonnage transited by sea via southern ports, but that’s been closed off. U.S. Central Command said Sunday, it has redirected 109 commercial vessels to ensure compliance with the blockade.

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