Iran’s state news agency ISNA is reporting that the US naval blockade on Iranian ports is being lifted, marking what could be a pivotal moment in a conflict that has rattled global energy markets and sent shockwaves through the crypto sector for months.
The claim comes amid ongoing diplomatic negotiations between Washington and Tehran, with a formal agreement reportedly targeting June 19 as a deadline. If confirmed, the move would unwind one of the most aggressive US military postures in the Persian Gulf in decades.
How we got here
The US naval blockade of Iranian ports was imposed on April 13, following Iran’s military actions in the Strait of Hormuz that began in late February. The strait, a narrow chokepoint through which roughly a fifth of the world’s oil supply passes, became the flashpoint for escalating hostilities between the two nations.
Then came the first signal of a thaw. In late May, President Donald Trump posted on Truth Social that the blockade would “soon be lifted.” That single post was enough to set markets in motion.
