US EditionNATO now wants to help with Hormuz, according to Trump
The move follows failed U.S.-Iran talks and could block up to 2 million barrels of Iranian oil a day, analysts said.
- On Sunday, President Donald Trump ordered the U.S. Navy to immediately blockade the Strait of Hormuz, preventing all vessels from entering or leaving the strategic waterway to stop transit tolls to Iran, which the administration termed 'extortion.'
- Following 21 hours of failed negotiations in Islamabad, U.S. Vice President JD Vance said both sides could not reach agreement on Iran's nuclear program, prompting the blockade order.
- Iran's Revolutionary Guards Corps warned that "any miscalculated move will trap the enemy in the deadly whirlpools" of the strait, while the U.S. military plans to clear mines the Iranians allegedly laid in the waterway.
- The Strait of Hormuz facilitates roughly 20% of global oil and gas transit daily; disruptions could drive prices significantly higher as at least 3,000 have died in the conflict since February 28.
- Geopolitical tensions remain high as the U.S. positions the USS Gerald Ford and USS Abraham Lincoln in the Persian Gulf, with observers warning that continued hostility could trigger wider regional instability and disrupt international maritime commerce.
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Iran military says US naval blockade 'illegal' and 'piracy'
TEHRAN — Iran’s military said a US naval blockade set to begin on Monday would be illegal and amount to piracy, warning that no Gulf ports would be safe if its own were threatened. “The restrictions imposed by criminal America on maritime navigation and transit in international waters are illegal and constitute an example of piracy,” said a statement issued by the Iranian military’s central command centre, Khatam Al-Anbiya, that was read on stat…
In the months just a few hours after the United States announced a blockade of Iranian ports, oil prices increased by 8% and exceeded 100 dollars per month, according to Le Figaro, quoted by News.ro. After it dropped to about $97 at the end of the last week, the West Texas Intermediate (WTI) ...
Oil Jumps, Stocks Drop on Trump’s Hormuz Threat: Markets Wrap
(Bloomberg) -- Oil surged while stocks and bonds fell after President Donald Trump ordered a blockade of the Strait of Hormuz, heightening tensions with Iran following the collapse of weekend peace talks.
Following the US announcement of a blockade in the Strait of Hormus, oil prices are rising significantly, which means that the short-term easing of the oil market is over again.
The U.S. Army announced that it would start blocking the Iranian ports on the moon at 14:00 GMT (17:00 am of Romania). Donald Trump announced that they would be blocked by "all ships trying to enter or leave the Ormuz Strip". Meanwhile, Iran said it was "the step" of an agreement with the United States in Islamabad.
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