Meaning of “stranglehold” in the English Dictionary

british dictionary

"stranglehold" in Business English

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strangleholdnoun [ C, usually singular ]

uk /ˈstræŋɡlhəʊld/ us disapproving

complete control over a market, an industry, etc. that does not allow fair competition from other businesses:

break/loosen/tighten a stranglehold The Association campaigned for America to break the stranglehold of foreign oil.
have a stranglehold on/over sth The banks still have a stranglehold on the credit card market, despite many new providers offering lower interest rates.

(Definition of “stranglehold” from the Cambridge Business English Dictionary © Cambridge University Press)