US Blockade in Strait of Hormuz Halts Iranian Oil Exports
2 reports, 2 independent
Updated Sep 21
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What happened
The US Navy, operating under Central Command, has enforced an ironclad blockade in the Strait of Hormuz, preventing Iranian exports. The blockade has resulted in Iran exporting zero barrels of oil, and 110 Iran-linked merchant vessels have been turned around while attempting to transit the Strait.
Why it matters
The blockade is impacting global oil trade, as Central Command forces have supported over one billion barrels of crude oil leaving the Gulf through the Strait in recent months. Since Iran has no pipelines for oil export, the nation can only raise revenue by selling down oil stocks held off Malaysia and China.
Who's involved
- IranTargeted by the blockade, which prevents the export of oil.