World

US Naval Blockade of Strait of Hormuz Begins

The US has launched a naval blockade of Iranian ports after a deadline passed, with Iran accusing Washington of piracy as thousands rally in Tehran. Trump claims Tehran wants to negotiate, while Iran's president says talks are only possible within the framework of international law. Shipping costs have already surged more than 10 percent in the past month, and the UN Secretary-General is calling on all parties to respect freedom of navigation.

MarketStrait of Hormuz traffic returns to normal by end of April?

Strait of Hormuz traffic returns to normal by end of April?27% chance

Sources

Middle East crisis live: Hezbollah urges Lebanon to pull out of talks with Israel; blockade of strait of Hormuz begins

The Guardian · Apr 14