Tag: Israel Iran war oil markets
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U.S. enforces Iranian port blockade, allows limited Strait of Hormuz transit
The rapidly escalating Strait of Hormuz blockade situation has sent shockwaves through global markets after the United States confirmed it would enforce sweeping Iran port restrictions beginning April 13, 2026. The move, part of a broader U.S. naval blockade, is unfolding against the backdrop of intensifying Israel-Iran tensions and has already triggered a sharp oil…