Trump's naval blockade raises economic pressure on Iran
Business
After US-Iran peace talks in Pakistan collapsed at the weekend, US President Donald Trump said the US Navy would block ships entering or leaving any Iranian port or coastal facility via the Strait of Hormuz . Until the war began in late February, a fifth of the world's seaborne oil trade passed Hormuz, the narrow stretch of water between the Persian Gulf and the Indian Ocean. If successful, the blockade would sever Iran's main source of revenue by halting its nearly 2 million barrel-per-day
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