Iran no longer controls Hormuz, its economy in freefall: US’ Marco Rubio. US Secretary of State Marco Rubio claimed Iran no longer has full control of Strait of Hormuz, saying “almost as much oil” is flowing out of Hormuz as before the conflict began. Rubio said Iran’s economy was in “complete freefall” due to US sanctions and alleged that money received by its leadership was being used to support Hezbollah and Hamas.