Iran has blocked 30 vessels in the Strait of Hormuz since August, with daily transits plunging from 100+ to single digits as ...
New statements follows warnings from the U.S. Treasury as part of an "economic D-Day" agenda to limit Iran's resources.
Iran's parliament is reviewing a plan to ban ships linked to the U.S., Israel and other "hostile countries" from transiting the Strait of Hormuz. The Trump administration has rejected the plan.
Iran's military stressed that the crucial waterway would only be reopened when the U.S. accepts Iran's conditions.
Most ships are trying to mask identities while trying to cross the strait. But more seem scared of Iran than of the US.
Iran has threatened dozens of ships with fines or confiscation as it steps up efforts to assert control over the Strait of Hormuz, ...
Traffic is about 90% lower than the daily average of 130 ships that transited Hormuz before the U.S. and Israel attacked Iran on Feb. 28.
Benchmark oil tanker earnings have surged to a record $647,000 a day as the Iran war, Strait of Hormuz risks and disrupted ...