Iran’s oil lifeline is drying up. The biggest pain may fall on ordinary citizens

What happened: A U.S. naval blockade threatens to wipe out Iran's seaborne crude oil revenues by mid-December, and Kpler reports Iran's trackable floating oil inventory outside the blockade zone has fallen to zero. Key numbers: Oil is roughly 30% of Iran's government budget; oil and refined products are 50% to 60% of regime revenue including indirect Why it matters: Analysts expect non-military spending to be slashed while military spending is maintained or increased, so the pressure may fall on ordinary Iranians through inflation and weaker purchasing power rather than on the military.

A U.S. naval blockade threatens to wipe out Iran's seaborne crude oil revenues by mid-December, and Kpler reports Iran's trackable floating oil inventory outside the blockade zone has fallen to zero.

Analysts expect non-military spending to be slashed while military spending is maintained or increased, so the pressure may fall on ordinary Iranians through inflation and weaker purchasing power rather than on the military.