United States reinstates Hormuz blockade, demands tariffs
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The United States has reinstated a naval blockade on Iranian ships transiting the Strait of Hormuz and is demanding a 20% reimbursement on all other cargo passing through the waterway, according to a Central Command statement and public remarks by President Donald Trump. The blockade, targeting vessels entering and exiting Iranian ports, is scheduled to begin on July 14 at 4 p.m. New York time. Iran’s Khatam Al-Anbiya military command rejected the move and warned Gulf states against cooperating, calling such actions an act of war. Oil prices spiked, with Brent crude briefly rising 4.7% before stabilizing near $79 a barrel.
Timeline
- Last month US, Iran sign memorandum
- July 13 Oil through Hormuz valued $1.6 billion
- July 13 Brent crude surges intraday 4.7%
- July 13 Trump announces measures on television
- July 13 Trump posts detailed statement online
- July 13 Iran rejects US strait management
- July 14 US blockade scheduled to begin
- After announcement Gulf states receive warning
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
























