Iran earned $5bn in oil exports in past month while it shut the strait for most other ships. That revenue is at risk.
Iran earned nearly $5bn in oil exports in the past month while it shut the strait for most other ships. That revenue is at risk.
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The United States naval blockade of Iran has come into effect as President Donald Trump’s administration tries to pressure Tehran into accepting its terms for an end to their war by trying to squeeze the Iranian economy.
The blockade began at 14:00 GMT on Monday. Iran’s armed forces have called it “an illegal act” that “amounts to piracy”.
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