Iran shifts 20M barrels through ‘dark’ offshore oil network bypassing US port blockade, firm says
Government
US implements Iran port blockade in Strait of Hormuz, halting trade The U.S. has formally implemented a blockade of Iranian ports in the Strait of Hormuz, with CENTCOM reporting halted economic trade and costing Iran $435 million daily. President Donald Trump emphasizes China's cooperation and upcoming talks, while Saudi Arabia fears escalation. Treasury Secretary Scott Bessent and economic experts discuss the naval forces' financial repercussions and the ongoing ceasefire negotiations, noting
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