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The 2 critical Iran lifelines the US has left largely untouched — just as cease-fire talks stall

The cease-fire with Iran, though extended, could end any day now. Meanwhile, Iran has fired on tankers, opened and closed the Strait of Hormuz within hours and rejected Washington’s core demands.

The Islamic Revolutionary Guard Corps, not Iran’s civilian government, is calling the shots. And a senior US official confirmed this week what the numbers have shown all along: “Iran has no money. They’re broke. We know it. And they know we know it.”

If that is true, a deal is closer than the chaos suggests. But only if Washington uses the right instruments.

The air campaign produced real results. Iran’s nuclear infrastructure was damaged, its navy destroyed, its proxy network disrupted. Those are real and significant gains.

The naval blockade announced after last weekend’s failed Islamabad talks is cutting off 90% of Iran’s seaborne trade.

Yet even as the US prepares to board additional Iran-linked dark fleet tankers in international waters, the IRGC’s ability to hold out remains intact, because Washington has left two critical financial lifelines largely untouched.

The first is Kharg Island. Kharg handles 90% of Iran’s crude exports, roughly 1.5 million barrels a day, worth about $140 million daily at current prices.

Iran’s defense budget channels over half of those oil revenues to the military, with the IRGC taking the largest cut. That money pays 190,000 personnel. The blockade squeezes Iran’s imports and has made outbound shipments far riskier, but it does not touch Kharg’s loading terminals, storage tanks or the pipelines connecting the island to the mainland.

Washington has struck Kharg’s........

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