U.S. naval blockade on Iran will trigger a currency devaluation spiral and hyperinflation, potentially ending the war more quickly, analyst says

(Credit: Courtesy of the U.S. Navy)

The U.S. blockade on ships entering or departing from Iranian ports went into effect on Monday, as President Donald Trump seeks to pressure Iran by cutting off its oil revenue.

The Iranian economy was already in shambles before the U.S. and Israel launched their war on the Islamic republic more than six weeks ago, and reports indicate the relentless bombing has pushed the regime to the brink.