Oil Tankers Avoid Hormuz: US Blockade on Iran Announced

Oil tankers are avoiding the Strait of Hormuz after President Donald Trump announced a blockade on Iranian ports. This follows the breakdown of talks between the U.S. and Iran. The U.S. Navy plans to enforce this blockade starting at 10 a.m. Eastern Time on Monday. Only two Iranian-linked tankers have left the Gulf since the announcement. Typically, tankers from Iran head to China and India. Right now, the Auroura is carrying Iranian oil products, while the New Future is transporting diesel from the UAE to Oman. U.S. Central Command promises that the blockade will apply to all nations, but they say transit through the Strait of Hormuz will remain free. On the flip side, Iran's Revolutionary Guards warn that any military vessels approaching the strait will face severe consequences. Interestingly, before the blockade was announced, two Pakistani tankers entered the Gulf, showing that some are still willing to navigate these uncertain waters. This situation affects global oil supply and could lead to rising prices, impacting consumers everywhere.