According to CoinMeta, as reported by FirstSquawk, Iran's oil exports have plummeted under the blockade by the US Navy, while crude oil exports from Saudi Arabia and Iraq have seen a rebound. After the resumption of operations on its east-west pipeline, Saudi Arabia is increasingly transporting oil through the Persian Gulf. As economic pressure increases, Iran may escalate conflict risks to break the blockade, despite Trump's expectation of resuming US-Iran negotiations this week, and shipping through the Strait of Hormuz, which is protected by the United States, continues.